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BRIEF-Clearstream Energy Services Q4 Revenue Fell 5 Percent To C$77.8 Million

Published 2019-03-22, 01:05 p/m
Updated 2019-03-22, 01:10 p/m
BRIEF-Clearstream Energy Services Q4 Revenue Fell 5 Percent To C$77.8 Million

BRIEF-Clearstream Energy Services Q4 Revenue Fell 5 Percent To C$77.8 Million

ClearStream Energy Services Inc CSM.TO :

* CLEARSTREAM ANNOUNCES FOURTH QUARTER AND ANNUAL 2018 FINANCIAL RESULTS

* Q4 REVENUE FELL 5 PERCENT TO C$77.8 MILLION

* QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.30

* GOODWILL IMPAIRMENT LOSS OF $17.7 MILLION WAS RECORDED IN Q3 OF 2018 FOR MAINTENANCE AND CONSTRUCTION SEGMENT.

* FINANCIAL RESULTS FOR Q1 OF 2019 ARE EXPECTED TO BE SIMILAR TO Q1 OF 2018.

* MEANINGFUL REVENUE INCREASES FROM HIGHER DEMAND AND NEW CONTRACT AWARDS ARE NOT EXPECTED TO OCCUR UNTIL Q2 OF 2019.

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