Red Eagle Net Income HIts $883,000 for '92

From: The Journal Record | Date: April 1, 1993| Author: Ronda Fears | Copyright information

By Ronda Fears

Journal Record Staff Reporter

Net income of $883,000, or 18 cents a share, was reported Wednesday for 1992 by Red Eagle Resources Corp. of Oklahoma City.

A net loss of $493,000, or 10 cents a share, was reported for 1991. Revenues totaled $24.4 million, down 17.6 percent from $29.6 million.

The improvement was chiefly due to the sale of oil and gas properties plus disposition of drilling and oil field services equipment, the company said. Those ...

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