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Wenzel Downhole Tools Increases 2Q Revenues

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August 15, 2012

Wenzel Downhole Tools Ltd. (WZL.TO) is pleased to report its financial results for the three month and six month periods ending June 30, 2012. Comparing the results for the second quarter of 2012 to those of 2011, Revenues were up 34%, Gross Profit was up 16% and Profit Before Income Tax was down 9%.

2012 Second Quarter Results

Consolidated revenues for the second quarter were $24.5 million, compared to $18.3 for the same quarter in 2011. For the six month period ending June 30, 2012, revenues were at $49.1 million, ...

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