Carbo Ceramics narrows Q4 loss through technology sales

By Kasia Patel
Published: Thursday, 26 January 2017

While revenues were lower y-o-y, Carbo managed to narrow its net loss and see an improvement sequentially through new technology sales.

US proppants supplier Carbo Ceramics Inc. today reported a 44% sequential increase in revenue for the fourth quarter 2016.

Revenues totalled $29.1m for the quarter ended December 31. Overall, Carbo reported a net loss of $15.2m, compared with a $50m net less in the same period the previous year....

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