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H H Oil Tool Co Inc

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BUSINESS
March 17, 1992
H & H Oil Tool Co., citing lower oilfield-drilling activity, reported a fourth-quarter loss of $655,000 that widened from a year-earlier loss of $246,000. The company, which rents equipment to the energy industry, said the loss came on a 23% drop in its revenue in the quarter that ended Dec. 31, to $4.76 million from $6.22 million a year earlier. For all of 1991, H & H Oil Tool suffered a $1.
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BUSINESS
August 20, 1991
H&H Oil Tool Co. Inc., a Santa Paula company that rents oil drilling and production equipment, reported that its earnings plunged to $13,000 in the second quarter that ended June 30 as domestic oil field activity declined. A year earlier, H&H earned $394,000. The lower earnings came despite an 8% gain in the company's revenue, to $6.13 million from $5.68 million. In the six months that ended June 30, H&H's profit slipped 1%, to $398,000 from $402,000 in the same period a year before.
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