April 26, 2018 / 10:09 AM / 5 months ago

Precision Drilling Q1 loss narrows

April 26 (Reuters) - Canadian rig contractor Precision Drilling Corp on Thursday reported a smaller first-quarter loss, helped by greater U.S demand and higher day rates for the company’s rigs.

Net loss narrowed to C$18.1 million, or 6 Canadian cents per share, in the quarter ended Mar. 31, from net loss of C$22.6 million, or 8 Canadian cents per share, a year earlier.

Revenue rose to C$401 million from C$368.7 million. (Reporting by Karan Nagarkatti in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below