Nabors profit jumps after year-ago charge
Feb 18 (Reuters) - Oilfield services and drilling company Nabors Industries Ltd said on Tuesday its profit jumped after a year-ago charge for discontinued operations.
Nabors, which owns the world's largest land-drilling rig fleet as well as pressure-pumping equipment for hydraulic fracturing, posted fourth-quarter net income of $150.6 million, or 50 cents per share, compared with $27.1 million, or 9 cents per share, in the year-ago period.
Revenue rose less than 1 percent to $1.6 billion.
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media