Petro Field Industries Inc.
TSX VENTURE : PF

Petro Field Industries Inc.

January 26, 2006 11:32 ET

Petro Field Earns $492,877 in Q1 of 2006; A Record

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2006) - Petro Field Industries Inc. (TSX VENTURE:PF) (the "Company"), a manufacturer of production equipment for the western Canadian oil and gas industry, had earnings of $492,877 ($0.05 per share) on sales of $7,191,555 for the three month period ended December 31, 2005. These earnings and sales numbers are quarterly records. In the first quarter of fiscal 2005, the comparable period, earnings and sales were $219,707 and $5,734,272, respectively.

A very significant increase in Gross Margin, from 16.40% in the 2005 quarter, to 23.03% in this year's quarter, was instrumental in the Company's earnings performance in the 2006 quarter.



FINANCIAL HIGHLIGHTS: (000's - except per share amounts)

3 months ended December 31,
2005 2004

Sales $7,192 $5,734
Net Earnings $ 493 $ 220
Earnings per Share $ 0.05 $ 0.02
EBITDA $ 814 $ 269
EBITDA per Share $ 0.08 $ 0.03


Petro Field Industries Inc. is a Calgary, Alberta - based fabricator of oil and natural gas production equipment. We also purchase, refurbish as necessary, and sell used production equipment.

The Company's Management Discussion & Analysis and Financial Statements for the three month period ended December 31, 2005 will be available on www.sedar.com and on the Company's website, www.petrofield.com in several days time.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Petro Field Industries Inc.
    Bill Rollins
    President & CEO
    (403) 244-3333
    (403) 245-1821 (FAX)
    or
    Phoenix Communications Group
    Jason Shepherd
    Investor Relations
    (250) 717-1910
    Email: phoenixcom@telus.net