April 24 Canadian rig contractor Precision Drilling Corp posted a bigger quarterly loss due to higher costs of moving some rigs to meet a jump in demand from U.S. shale producers.
The company's net loss widened to C$22.6 million ($16.9 million), or 8 Canadian cents per share, in the first quarter ended March 31, from C$19.9 million, or 7 Canadian cents per share, a year earlier.
However, revenue rose 14.6 percent to C$345.8 million, the company said on Monday. ($1 = 1.34 Canadian dollars) (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila)
CORRECTED-Germany's Merck gets EU backing for oral MS drug
FRANKFURT, June 23 Germany's Merck KGaA has won a key recommendation to become a late entrant to the market for oral multiple sclerosis (MS) drugs in Europe, six years after its first attempt to launch the cladribine pill failed.