October 24, 2019 / 10:18 AM / 18 days ago

Precision Drilling's quarterly loss narrows

(Reuters) - Oilfield services company Precision Drilling’s (PD.TO) loss narrowed for the third-quarter, helped by higher drilling activity across North America, the Canadian company reported on Thursday.

Net loss narrowed to C$3.5 million ($2.68 million), or 1 Canadian cent per share, from C$30.6 million, or 10 Canadian cents a share, a year earlier.

Revenue fell about 2% to C$376 million.

Reporting by Taru Jain; Editing by Vinay Dwivedi

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