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Barnwell posts slightly narrower loss

By Star Advertiser staff

LAST UPDATED: 11:49 a.m. HST, May 10, 2013

Barnwell Industries Inc., which generates most of its revenue from its oil and natural gas operations in Canada, posted a slightly narrower loss in its fiscal second quarter.

The Honolulu-based company said today it had a net loss of $2.9 million, or 36 cents a share,  in the three-month period ended March 31. That  compared with a loss of $3 million, or 36 cents a share, in the year-earlier quarter.

Revenue fell 5.5 percent to $6.8 million from $7.2 million.

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