02:51 PM EST - Saxon Energy : posted fourth quarter funds from operations of US$10.1 million or US$0.12 per share, compared to US$1.82 million or US$0.03 per share in the prior year quarter. Net income for the quarter amounted to US$4.75 million or US$0.06 per share, compared to a loss of US$2.23 million or US$0.03 per share in the same quarter last year. Quarterly revenues grew 159% to US$52.2 million from US$20.2 million realized in the year-earlier quarter. On average, analysts polled by First Call/Thomson Financial expected the company to earn $0.09 per share for the quarter. Saxon Energy
shares T.SES are trading up 3 cents at $3.98.
