Carbo Ceramics narrows Q4 loss through technology sales
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
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....