July 23 (Reuters) - Canadian drilling contractor Precision
Drilling Corp PD.TO PDS.N reported a bigger quarterly loss,
hurt by lower drilling activity in North America.
The company posted a loss of C$29.8 million ($22.9 million),
or 10 Canadian cents per share, in the second quarter ended June
30, bigger than the C$7.2 million, or 2 Canadian cents, it
reported a year earlier. ID:nCCN2CL8WW
The company reported a loss in the year-ago quarter as it
changed its method of calculating depreciation. ID:nL4N0PX34Y
The Calgary, Alberta-based company's revenue fell nearly 30
percent to C$334.5 million.
($1 = 1.2975 Canadian dollars)