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H H Oil Tool Co Inc

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BUSINESS
May 19, 1992
H & H Oil Tool Co., citing an industrywide downturn in oil and gas operations, posted a $491,000 first-quarter loss compared with a year-earlier profit of $385,000. The Santa Paula-based company, which rents equipment to the energy industry, said the loss in the quarter that ended March 31 came on a 22% drop in its revenue, to $4.97 million from $6.35 million a year ago.
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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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