10:14 AM EST - Universal Energy Group Ltd. : reported that fiscal 2008 fourth quarter net loss widened to $29.06 million from $17.92 million last year. Loss per share for the quarter increased to $0.80 from $0.61 a year ago. For the year quarter ended September 30, 2008, total revenue increased 50% to $25.95 million from $20.78 million. Universal Energy Group Ltd.
shares T.UEG are trading down 27 cents at $4.66.
