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GASFRAC Energy Services Sees Q1 Pre-tax Profit Sequentially Declines

GASFRAC Energy Services Inc. (GFS.TO) announced that revenues and profit before income taxes for the first quarter of 2012 are expected to be lower than for the fourth quarter of 2011.

While revenues are expected to be approximately 50% better than the first quarter of 2011, in comparison to the fourth quarter of 2011 they are expected to decline by approximately 25%.

by RTTNews Staff Writer

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