* Q4 EPS C$0.03 vs est loss C$0.01/shr
* Rev down 52 pct
* Total expenses down 29 pct
Feb 24 (Reuters) - Pason Systems Inc PSI.TO, a provider of specialized rental oilfield instrumentation systems, posted a surprise quarterly profit helped mainly by lower costs.
Net income for the fourth quarter was C$2.5 million, or 3 Canadian cents a share, compared with C$12.6 million, or 15 Canadian cents a share, a year ago.
Revenue fell 52 percent to C$41 million.
Analysts on average were expecting a loss of 1 Canadian cent, on revenue of C$37.1 million, according to Thomson Reuters I/B/E/S.
Total expenses fell 29 percent to C$41.8 million.
Shares of the Calgary-based company closed at C$12.75 Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Ratul Ray Chaudhuri)