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C1 Energy Ltd.

10:07 AM EST - C1 Energy Ltd. : announced fourth quarter net loss of $20.3 million or $0.60 per share, compared to net income of $1.5 million or $0.05 per share in the same quarter last year. Revenues for the quarter were $2.74 million, down from $3.17 million in the year ago quarter. For the fiscal year, the company reported net loss of $20.03 million or $0.59 per share, compared to net income of $2.2 million or $0.07 per share in the last year. Revenues for the period declined to $12.93 million, from $13.33 million in the previous year. C1 Energy Ltd. shares T.CTT are trading up 1 cent at $0.40.