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Company News

BRIEF-Aveda Transportation and Energy Services reports Q2 loss per share c$0.02

Aug 15 (Reuters) - Aveda Transportation And Energy Services Inc-

* Aveda Transportation and Energy Services reports record second quarter results

* Q2 loss per share c$0.02

* Aveda Transportation and Energy Services Inc qtrly revenue $52.1 million compared with revenue of $8.9 million for same period in 2016

* Aveda Transportation and Energy Services Inc - preliminary july revenues are estimated at $16.9 million

* Aveda Transportation and Energy Services - does not expect to see same volume of long-distance rig moves in H2 of 2017 as witnessed in h1 of 2017

* Aveda Transportation and Energy Services - expects through equipment activations, refurbishment to increase working equipment fleet by 15 percent- 20 percent

* Aveda Transportation and Energy Services Inc - New midland, texas branch is not expected to generate any significant incremental revenue for aveda

* Aveda Transportation and Energy Services-new midland, Texas branch expected to contribute towards goal of reducing third party sub-contractor revenues Source text for Eikon: Further company coverage:

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