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Article: Patrick Petroleum Company reports continued profitability, oil and gas sales up sharply in third quarter.
- Article from:
- PR Newswire
- Article date:
- November 2, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. 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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PATRICK PETROLEUM COMPANY REPORTS CONTINUED PROFITABILITY,
OIL AND GAS SALES UP SHARPLY IN THIRD QUARTER
JACKSON, Mich., Nov. 2 /PRNewswire/ -- Patrick Petroleum Company (NYSE: PPC) President U.E. "Pat" Patrick today reported continued profitability for the company's third quarter and nine months ended Sept. 30, 1989.
Patrick Petroleum's third-quarter net earnings increased 74 percent to $225,718, or 2 cents a share on approximately 12.6 million weighted average
shares outstanding, vs. year-ago third-quarter results of $129,542, or 2 cents a share on approximately 7.8 million shares. The additional shares outstanding, year to ...