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Bri-Chem Corp (BRY.TO)

BRY.TO on Toronto Stock Exchange

0.64CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Bri-Chem announces qtrly earnings per share $0.03
Thursday, 11 May 2017 06:37pm EDT 

May 11 (Reuters) - Bri-Chem Corp :Bri-Chem announces first quarter 2017 financial results.Qtrly consolidated revenue of $33.9 million, an increase of 129% from Q1 in 2016.Qtrly earnings per share $0.03.Expect activity levels to remain at or near current levels for remainder of 2017.  Full Article

Bri-Chem Corp announces renewal of credit facilities
Wednesday, 17 Aug 2016 12:18pm EDT 

Bri-chem Corp : Bri-Chem announces renewal of credit facilities . To renew its senior credit facilities with a borrowing base of $20 million, down from $40 million . Says has now reduced its senior operating debt down from $54 million to $10 million as at June 30, 2016 . Credit facilities are now committed until August 12, 2017 . Amended certain terms of its subordinated debenture agreement, in conjunction with amendment to ABL facility .In accordance with amendment, will defer 4 quarterly principal payments due on Sept 30, 2016, Dec 31, 2016, March 31, 2017 and June 30, 2017.  Full Article

Bri-Chem posts Q2 loss $1.4 mln vs earnings of $372,895 last year
Thursday, 11 Aug 2016 06:18pm EDT 

Bri-Chem Corp : Bri-Chem announces second quarter 2016 financial results . Bri-Chem Corp -"expect an overall North American increase in activity levels for second half of year" . Bri-Chem Corp says "steps will continue to be implemented to right-size company's operations in all business segments in response to customer demand" . Bri-Chem Corp - Q-O-Q revenue decrease is result of significant decline in rig activity in USA, early and prolonged spring break up in Western Canada . Qtrly net loss was $1.4 million compared to net earnings of $372,895 for same period of 2015 . Bri-Chem - qtrly consolidated revenues from North American oil and gas drilling fluids distribution, blending and packaging businesses down 62.2 pct to $8.2 million .Bri-Chem-Co's "right-sizing" efforts that commenced in 2015 continued into H1 of 2016, now reduced senior operating debt down to $10.0 million.  Full Article

Bri-Chem posts Q1 net loss of $2.1 mln
Thursday, 12 May 2016 08:20am EDT 

Bri-Chem Corp : Q1 consolidated revenue from north american oil and gas drilling fluids distribution, blending,packaging units decreased 43.5 pct to $14.8 million . Net loss for three month period was $2.1 million compared to net earnings of $372,895 for same period of 2015 . Says "current industry forecasts are that remainder of 2016 capital expenditures will remained depressed" . Steps continue to be implemented to "right-size" company's operations in all business segments in response to reduced customer demand .Chem announces first quarter 2016 financial results.  Full Article

Bri-Chem announces amendments to credit facilities
Monday, 7 Dec 2015 08:00am EST 

Bri-Chem Corp:Entered into an agreement with its syndicate of lenders to make certain amendments to its credit facilities.Amended credit facility, with a maturity date of August 12, 2016 subject to further extension, provides for a borrowing base of up to $40 million, down from $90 million, which will result in lowering the Company's unused credit facility fee costs.  Full Article

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BRIEF-Bri-Chem announces qtrly earnings per share $0.03

* Qtrly consolidated revenue of $33.9 million, an increase of 129% from Q1 in 2016

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