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Swiss Weatherford posts USD191m income in Q3  Join our daily free Newsletter

MENAFN - 13/11/2012

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(MENAFN) Weatherford International Inc. stated that third-quarter income before taxes fell to USD191 million from USD270 million in 2011's same period, reported AP.

The Swiss oilfield services firm attributed the decline to considerable charges for severance costs, its accounting issues, in addition to other special items.

In the 3-month period ended September 30, the company's revenue rose 2 percent from a year ago to USD3.82 billion.

It said that the quarterly revenue was affected by a lower rig count in Canada, dropping prices in the US and a fall in its integrated drilling business.

 






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