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High Arctic Energy Services Trust

10:19 AM EST - High Arctic Energy Services Trust : announced fourth quarter net earnings of $4.2 million or $0.17 per share, compared to net earnings of $3.5 million or $0.19 per share in the same quarter last year. Quarterly revenues rose to $37.6 million, from $32.0 million in the year ago quarter. For the fiscal year, the company reported net earnings of $17.1 million or $0.67 per share, compared to net earnings of $0.6 million or $0.07 per share in the last year. Revenues for the period increased to $123.8 million, from $82.7 million in the previous year. High Arctic Energy Services Trust units T.HWO.UN are trading unchanged at $2.95.