Brief: Bri-Chem posts Q1 net loss of $2.1 mln
12/05/2016 13:10
May 12 (Reuters) - Bri-Chem Corp BRY.TO
* Q1 consolidated revenue from north american oil and gas
drilling fluids distribution, blending,packaging units decreased
43.5 pct to $14.8 million
* Net loss for three month period was $2.1 million compared
to net earnings of $372,895 for same period of 2015
* Says "current industry forecasts are that remainder of
2016 capital expenditures will remained depressed"
* Steps continue to be implemented to "right-size" company's
operations in all business segments in response to reduced
customer demand
* Chem announces first quarter 2016 financial results
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Further company coverage: BRY.TO
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