* Q2 EPS C$0.03 vs C$0.05 year-ago
* Net sales up 13 pct
July 23 (Reuters) - Canada's CE Franklin Ltd posted a lower quarterly profit, as lower-margin oil sands sales contributed more than one-third of its sales.
The company, which supplies products and services to the energy industry, said oil sands contributed about 35 percent of its sales, compared with 4 percent a year ago.
For the second quarter, the company reported a net income of C$0.6 million, or 3 Canadian cents a share, compared with C$1.0 million, or 5 Canadian cents a share, a year ago.
Net sales were C$109.1 million for the quarter.
Shares of the company closed down 10 Canadian cents at C$6.40 Thursday on the Toronto Stock Exchange.
(Reporting by Ashutosh Joshi in Bangalore; Editing by Pradeep Kurup) Keywords: CEFRANKLIN/ (ashutosh.joshi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: ashutosh.joshi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Net sales up 13 pct
July 23 (Reuters) - Canada's CE Franklin Ltd posted a lower quarterly profit, as lower-margin oil sands sales contributed more than one-third of its sales.
The company, which supplies products and services to the energy industry, said oil sands contributed about 35 percent of its sales, compared with 4 percent a year ago.
For the second quarter, the company reported a net income of C$0.6 million, or 3 Canadian cents a share, compared with C$1.0 million, or 5 Canadian cents a share, a year ago.
Net sales were C$109.1 million for the quarter.
Shares of the company closed down 10 Canadian cents at C$6.40 Thursday on the Toronto Stock Exchange.
(Reporting by Ashutosh Joshi in Bangalore; Editing by Pradeep Kurup) Keywords: CEFRANKLIN/ (ashutosh.joshi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: ashutosh.joshi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.