Brief: Step Energy Services Posts Qtrly Loss Per Share Of $0.37
12/03/2020 13:06
March 12 (Reuters) - Step Energy Services Ltd STEP.TO :
* . REPORTS FOURTH QUARTER AND YEAR END 2019 RESULTS
* QTRLY LOSS PER SHARE $0.37
* QTRLY CONSOLIDATED REVENUE $126.5 MILLION VERSUS $169
MILLION
* Q4 EARNINGS PER SHARE VIEW C$-0.25, REVENUE VIEW C$141.4
MILLION
-- REFINITIV IBES DATA
* STEP ENERGY - 2019 NET LOSS WAS PRIMARILY RESULT OF
IMPAIRMENT
TO GOODWILL & INTANGIBLE ASSETS, SLOWING MARKET ACTIVITY
* APPROVED CAPITAL PROGRAM FOR 2020 WAS COMPRISED OF $42
MILLION
FOR MAINTENANCE CAPITAL TO SUSTAIN OPERATING EQUIPMENT DEPLOYED
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Further company coverage: STEP.TO
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