Barnwell posts slightly narrower loss
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.
