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Written by THE CANADIAN PRESS
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Tuesday, 29 July 2008 |
An Olympic torch realy t-shirt is displayed at a sidewalk shop near an earthquake damaged building, Friday, July 18, 2008, in Dujiangyan, China. THE ASSOCIATED PRESS/Robert F. Bukaty
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CALGARY - Masters Energy Inc. (TSX:MSY) a second-quarter profit of $2 million, up from $553,000 a year ago, as higher prices offset lower production, the junior energy company said.
The Calgary-based firm said Tuesday the profit amounted to 13 cents per share compared with a profit of four cents per share a year ago.
Revenue in the quarter was $10.2 million, up from $6.9 million.
Total production in the quarter averaged 1,393 barrels of oil equivalent per day, down from 1,576 boepd a year ago.
Shares in the company, which released its results after the close of markets, were down a penny at $3.34 on the Toronto Stock Exchange.
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Last Updated ( Sunday, 07 September 2008 )
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