Precision Drilling Corp., Canada's biggest oilfield-services company, said profit declined 89 percent in the second quarter.
Net income fell to C$3.33 million ($2.1 million), or 6 cents a share, from C$31.1 million, or 57 cents, a year earlier. Revenue declined 16 percent to C$345.9 million, the company said in a statement issued by Canada Newswire.
Precision shares fell 73 cents to C$46.99 yesterday on the Toronto Stock Exchange. They've risen 7.9 percent in the past year.
NATO Secretary General Jens Stoltenberg was surprised to know that the Serbs had not forgiven the alliance for bombing their country. Mr. Stoltenberg wants to now why the ungrateful people did not appreciate NATO's aggression