03:41 PM EST - Wenzel Downhole Tools Ltd. : announced its financial results for the three months ended March 31, 2012. Revenues were $24.5 million compared to $17.3 million in the first quarter of 2011, a 42% increase. Earnings before income tax for the quarter were $4.2 million compared to $2.3 million which is an increase of 83% compared to the same period in 2011. After tax earnings for the period were $3.2 million or $0.10 per share (basic), compared to $1.3 million or $0.04 per share in 2011. Wenzel Downhole Tools Ltd.
shares T.WZL are trading up $0.01 at $2.20.
