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Article: Zedi Inc. Announces Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Marketwire Canada
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 12, 2009 (Marketwire via COMTEX) -- Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) today releases results for Q3 of 2009. "Zedi posted strong results for the three months ended September 30, 2009, compared to the same period in the prior year, despite continued weakness in both general economic and industry conditions. These results reflect our focus on internal cost containment and on our close customer relationships. Reduced drilling activity for natural gas, impacted by continued price volatility, was somewhat offset by the implementation of changes to operating practices by producers. The shift in focus by producers, from new drills to ...