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Chaparral Resources, Inc. Announces Second Quarter Results.
Business Wire
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August 19, 2002
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COPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Business/Energy Editors
HOUSTON--(BUSINESS WIRE)--Aug. 19, 2002
Chaparral Resources, Inc. (OTCBB:CHAR) today announced its financial results for the second quarter 2002. The Company reported net income of $5.05 million, or 18 cents per share, for the quarter ended June 30, 2002, compared to a net loss of $1.44 million, or 11 cents per share, for the quarter ended June 30, 2001. The $6.49 million increase in Chaparral's net income primarily relates to the recognition of a $5.34 million extraordinary gain on the early extinguishment of debt and improved ...
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