February 27, 2020 / 7:31 AM / a month ago

Oilfield services provider Hunting's annual core profit slips

Feb 27 (Reuters) - British oilfield services provider Hunting Plc reported a small drop in its annual core profit on Thursday, as strong performance in its Asia Pacific and Middle East operations offset weak North American shale activity.

Hunting, which manufactures a wide range of tools and solutions used in oil and gas exploration, said its underlying earnings before interest tax and depreciation fell to $139.7 million for the year ended Dec. 31, from $142.3 million a year earlier.

Analysts on average had expected core profit of $138.10 million, according to Refinitiv IBES.

Reporting by Shanima A in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below