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VIENNA -- Vienna, 30 August 2010 - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced the results for the first half of the Fiscal Year 2010. During the reporting period, C.A.T. oil benefitted from the noticeable signs of an economic recovery and increasing demand for oil field services. After the challenging weather conditions at the beginning of the year, C.A.T. oil鈥檚 operating capacity utilization returned to high levels in the second quarter 2010. Although the increased demand has not yet been reflected in the Company鈥檚 revenue growth, C.A.T. oil successfully increased profitability and earnings during the reporting period, due to its strategic focus on high margin services and efficiency improvements across the business. Manfred Kastner, CEO of C.A.T. oil, commented: 鈥淚t is our prime objective to achieve profitable growth for our Company and our shareholders. We see 2010 to be a year of transition, during which we implement portfolio optimizations and align our capacities towards high margin services. Our results for the first half of 2010 demonstrate that this strategy has paid off. Although our rationalization efforts led to a short-term decline in revenues, our profitability and earnings further improved: Our EBITDA margin achieved an impressive levChristian Louboutin Shoes
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