Brief: AKITA Drilling Q3 loss per share c$0.26

AKITA Drilling

27/10/2016 22:32

Oct 27 (Reuters) - AKITA Drilling Ltd  AKTa.TO  
    * AKITA Drilling Ltd. announces year-to-date earnings and 
cash flow 
    * Quarterly revenue C$6.616 million versus c$22.02 million 
    * Q3 loss per share C$0.26 
    * AKITA Drilling Ltd - During Q3 of 2016, adjusted revenue 
decreased to $11.1 million compared to $28.4 million during Q3 
of 2015 
    * AKITA Drilling Ltd - Had two rigs under multi-year 
contracts at September 30, 2016, of which, one is anticipated to 
expire in 2017 and one in 2018 
    * "Management is not anticipating a meaningful economic 
recovery in near term" 
 
Source text for Eikon:  ID:nCNW0nP7Na  
Further company coverage:  AKTa.TO  
 
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