H&H; Oil Tool Co. Reports $109,000 2nd-Quarter Profit

H&H; Oil Tool Co. Inc., a Santa Paula company that rents oil drilling and production equipment, reported a second-quarter profit of $109,000, rebounding from a loss of $474,000 a year earlier and posting its second straight quarter of profits.

Revenue for the three months that ended June 30 was up 10%, to $4.84 million from $4.4 million a year earlier, partly because of increased natural gas activity in the Rocky Mountain region. Henry H. Rushing, president and chief executive officer, said the latest earnings reflect cost controls.

For the first half of 1993, H&H; reported a profit of $458,000, in contrast to a loss of $965,000 in the same period a year ago. Its revenue was up 8%, to $10.1 million from $9.36 million.