April 25 (Reuters) - Canadian rig contractor Precision
Drilling Corp PD.TO posted a quarterly loss, compared with a
year-ago profit, hurt by lower demand for rigs amid a prolonged
oil slump.
The company posted a net loss of C$19.9 million ($15.7
million), or 7 Canadian cents per share, for the first quarter
ended March 31.
It earned C$24 million, or 8 Canadian cents per share, a
year earlier.
Revenue fell 41 percent to C$301.7 million in the latest
quarter.
($1 = C$1.27)