Enerflex Q3 Profit Rises to $55 Million Despite 19.8% Revenue Decline

Enerflex Ltd. (EFX.TO) reported third-quarter net income of $55 million, or $0.45 per share, up from $37 million, or $0.30 per share, a year earlier. Revenue for the period fell 19.8% to $623 million from $777 million last year, the company said. The results reflect higher bottom-line profitability on a smaller revenue base. All figures are GAAP.