leader energy services ltd (LEA) Snapshot

Leader Energy Services Ltd. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $8,267,000 against $11,072,000 a year ago. This 25% decrease in revenue is mainly attributed to a slow start to winter drilling activity, a small reduction in average pricing for Leader's services on a per job basis, the continued effect of equipment on standby, and the availability of personnel to operate the equipment at certain times during the quarter. Net loss was $836,000 against net income of $937,000 a year ago. Excluding the loss on settlement of loans and borrowings of $0.2 million and the $0.7 million in credit facility refinancing costs expensed in the current period, the company reported income of $0.1 million in the first quarter of 2013. Diluted loss per share was $0.03 against diluted earnings per share of $0.04 a year ago. EBITDA was $1,669,000 against $3,105,000 a year ago. For the second quarter of 2013, revenues are expected to meet or exceed that of the comparative period of 2012.

Leader Energy Services Ltd., Annual General Meeting, Jun 12, 2013., at 10:00 US Mountain Standard Time. Agenda: To receive the Financial Statements for the year ended December 31, 2012 together with the report of the auditors thereon; to elect directors for the ensuing year; to appoint auditors for the ensuing year and to authorize the Board of Directors to fix the auditors' remuneration; to consider and, if thought fit, to pass an ordinary resolution approving the existing stock option plan; and to transact such other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Leader Energy Services Ltd. announced unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue-continuing operations of $4,178,000 compared to $11,141,000 a year ago. Loss from continuing operations was $3,233,000 compared to income from continuing operations of $1,964,000 a year ago. Net loss was $3,233,000 or $0.11 per diluted share compared to net income of $1,964,000 or $0.09 per diluted share a year ago. LBITDA was $1,316,000 compared to EBITDA of $3,442,000 a year ago. For the year, the company reported revenue-continuing operations of $25,016,000 compared to $34,219,000 a year ago. Loss from continuing operations was $7,297,000 compared to income from continuing operations of $1,811,000 a year ago. Net loss was $7,297,000 or $0.27 per diluted share compared to net income of $1,842,000 or $0.08 per diluted share a year ago. EBITDA was $233,000 compared to $9,186,000 a year ago.