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Arabian Drilling Co.'s Q1 Net Profit, Revenue Fall

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-- Arabian Drilling Co. (SASE:2381) said Sunday that net profit and revenue for the first quarter declined year over year.

Net profit attributable to shareholders of the issuer for the three months ended March 31 was 7.1 million Saudi riyals, compared with 75.2 million riyals earlier. EPS moved to 0.08 riyal from 0.84 riyal.

The Tadawul-listed oilfield services company's revenue was 821.6 million riyals, compared with 911.1 million riyals a year ago.

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