April 26, 2012 / 10:10 AM / 5 years ago

Precision Drilling profit rises on North American drilling

1 Min Read

April 25 (Reuters) - Precision Drilling Corp posted its seventh consecutive quarterly profit on higher dayrates and drilling activity in North America.

First-quarter Net income rose to C$111 million, or 39 Canadian cents per share, from C$65.6 million, or 23 Canadian cents per share, a year earlier.

Revenue rose 22 percent to C$640.1 million.

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