Adera comments on fourth quarter
Adera comments on fourth quarter In Adera's 1999 Annual Report, the assessment was made that the Company would achieve break-even during 2000. In the report for the third quarter, 2000, it was stated that the demand for the Company's services remained favorable and that this would result in a significant increase in earnings during the fourth quarter. At the same time, it was noted that anticipated earnings were dependent on the start-up of a number of major projects. At the end of the fourth quarter, earnings had declined significantly. One reason was the change in market conditions and