09:53 AM EST - World Energy Solutions, Inc. : reported narrower net loss in its fourth quarter. The Canadian operator of online exchanges for energy and green commodities said its fiscal 2009 has started well. Fourth-quarter net loss was $1.04 million U.S. or $0.01 U.S. per share, compared to $5.21 million U.S. or $0.06 U.S. per share loss last year. In the 2008 fourth quarter, the company did not record any tax expenses, while it was $3.14 million U.S. last year. Revenue for the quarter increased six per cent to $3.280 million U.S. from $3.085 million U.S. in the previous year, driven by increases in the company's Retail and Environmental Commodities product lines. Operating loss narrowed to $1.04 million U.S. from $2.15 million U.S. in 2005, reflecting decline in sales and marketing expenses as well as general and administrative expenses. World Energy Solutions, Inc.
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