April 25, 2013 / 10:20 AM / in 5 years

Precision Drilling profit falls on lower North American drilling

April 25 (Reuters) - Precision Drilling Corp, Canada’s largest oil and gas drilling contractor, reported a 16 percent decline in first-quarter earnings, hurt by lower North American drilling activity due to depressed natural gas prices.

The company’s net earnings fell to C$93.3 million, or 33 Canadian cents per share, in the first quarter, from C$111.1 million, or 39 Canadian cents per share, a year earlier.

Revenue fell 7 percent to C$595.7 million.

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