Candax Energy Reports 2011 Financial Results

Candax Energy Inc. (TSX:CAX) reported 2011 financial results.

As quoted in the press release:

Candax reports a profit for 2011 of $0.5 million ($nil per common share) compared to a loss of $26.2 million ($0.08 per common share) for 2010. The 2011 profit includes a major adjustment on deferred tax for $7.8 million credit.

Click here to read the Candax Energy Inc. (TSX:CAX) press release.