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BRIEF-Trican Well Service Q2 adjusted loss per share C$0.57

Published 2015-08-14, 09:34 a/m
© Reuters.  BRIEF-Trican Well Service Q2 adjusted loss per share C$0.57
TCW
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Aug 14 (Reuters) - Trican Well Service Ltd TCW.TO :
* Reports second quarter results for 2015
* Q2 adjusted loss per share C$0.57
* Q2 revenue C$230.6 million versus I/B/E/S view C$265.3 million
* Q2 earnings per share view c$-0.45 -- Thomson Reuters I/B/E/S
* Says Canadian industry activity still remains depressed relative to prior
year activity levels
* About 35% of equipment fleet expected to remain parked over remainder of 2015
and potentially into 2016 depending on oil prices
* Revenue in Q2 decreased by 52% on a year-over-year basis due to decreased
demand and pricing for pressure pumping service lines
* Parked 35% of Canadian pressure pumping equipment, cut Canadian employee base
by 40%; measures led to cost savings in Q2
* Says "operating conditions continued to be challenging in Kazakhstan, Saudi
Arabia and Australia"

* Source text for Eikon ID:nCCN64QfVC

* Further company coverage TCW.TO

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