Xinergy Releases Yearly and Fourth Quarter 2011 Results

Xinergy Ltd. (TSX:XRG) announced financial results from fourth quarter and full-year 2011.

As quoted in the press release:

In 2011 the Company reported a net loss of $14.1 million or $0.25 on a per share basis (basic and diluted) as compared to $2.1 million for 2010. The increase in the net loss for 2011 was primarily a result of an increase in finance and related costs associated with the issuance of the $200 million senior secured notes that were issued in May 2011 and due May 2019.

Click here for the Xinergy Ltd. (TSX:XRG) press release.