10:05 AM EST - Enerchem International Inc. : reported improved earnings for the fourth quarter compared to the year ago period, benefiting from tax recovery and increased revenues. Net income posted by Enerchem for the quarter surged to $643 thousand or $0.04 per share from $373 thousand or $0.02 per share a year ago. Net earnings in the fourth quarter of 2007 benefited from a future income tax recovery associated with substantively enacted changes in the Canadian federal tax rates over the next five years. Enerchem International Inc.
shares T.ECH are trading unchanged at $2.48.
