11:41 AM EST - CERF Incorporated : Announced its financial and operating results for the three months ended September 30. During the quarter, significant decreases in industry activity resulting from the decline in oil and natural gas prices and its impact on CERF's oilfield rentals business resulted in a one-time impairment provision of $12.5 million on goodwill and intangibles. Net loss for the quarter was $12.6 million compared to a net profit of $1.3 million for the similar quarter in 2014. Excluding the goodwill impairment charge, the net loss for the quarter was $92,000. CERF Incorporated
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