NOT!!!!!!!!!!!!! the rich get richer, the fat get fatter (figuratively) and the peasants have to eat cake Halliburton swings to $1.1 billion profit, cites 2005 as company's best
By Steve Quinn
ASSOCIATED PRESS
5:45 p.m. January 26, 2006
DALLAS – Oilfield services conglomerate Halliburton Co. swung to a profit in its fourth quarter on robust sales and increased rig activity, and called last year the best in its 86-year history.
The income reversed a loss from a year earlier for Houston-based Halliburton, the company once led by Vice President Dick Cheney. Its KBR unit has become known for its support work for troops stationed in the Middle East.
Net income was $1.1 billion, or $2.08 a share, including a gain of $540 million or $1.02 a share, for a future tax allowance. That compared to a net loss of $203 million, or 46 cents a share last year, which included a $384 million loss from discontinued operations.
Fourth quarter revenue rose 12 percent to $5.8 billion, largely from the performance of its energy services group, which saw sales increase 31 percent..........
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