The Canadian PressMarch 3, 2014 11:35
MONCTON, N.B. - Major Drilling Group International Inc. (TSX:MDI) says its third-quarter revenue dropped 42 per cent and its loss tripled as major customers delayed decisions on their 2014 exploration programs.
The Moncton, N.B.,-based company reported a net loss of $12.8 million or 16 cents per share, up from $4.2 million or five cents per share a year earlier.
Revenue for the three months ended Dec. 31 fell to $71.8 million, down from $123.2 million a year earlier.