April 24 (Reuters) - Canadian rig contractor Precision Drilling Corp PD.TO PDS.N 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. revenue rose 14.6 percent to C$345.8 million, the company said on Monday. ($1 = 1.34 Canadian dollars)