Commercial Solutions’ Fiscal 2012 Net Earnings of $1.0 Million, Up by 4.3% from Last Year

Resource Investing News

Commercial Solutions Inc. (TSX:CSA) announced its financial results for the three-month and twelve-month periods ended September 30, 2012. For the twelve-month period, a revenue of $115.7 million was reported, representing a year-over-year increase of 7.4 percent. Net earnings improved by $0.04 million from the previous year.

As quoted in the press release:

The Company’s increase in revenues primarily relates to growth in the first two quarters of the fiscal year. During these periods, capital expenditures for rig building and rig utilization rates were higher.

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