Printer Friendly

PARKER POSTS NET LOSS FOR QUARTER

 TULSA, Okla., Jan. 13 /PRNewswire/ -- Parker Drilling Co. (NYSE: PKD) reported today unaudited revenue of $23,927,000 and net loss of $2,527,000 or 5 cents per share for the first three months of fiscal 1993, which ended Nov. 30, 1992.
 For the same quarter a year ago the comparison shows total revenue of $26,663,000, net income of $1,496,000, and net income per share of 3 cents.
 "The quarter's loss reflects Parker's lack of activity in Russia and Myanmar, both of which were strong at this time last year," said Robert L. Parker Jr., president and chief executive officer. "We look forward to a resumption of drilling in those markets, particularly in Russia and the Commonwealth of Independent States."
 A worldwide oil and gas drilling contractor, Parker currently operates in eight countries.
 PARKER DRILLING COMPANY FINANCIAL HIGHLIGHTS
 (In thousands except per share data)
 FIRST QUARTER FIRST QUARTER
 FISCAL 1993 FISCAL 1992
 Revenue $ 23,927 $ 26,663
 Net Income (Loss) $ (2,527) $ 1,496
 Income (Loss) Per Share $ (0.05) $ 0.03
 Total Assets $244,326 $263,628
 Stockholders' Equity $208,197 $220,915
 -0- 1/13/93
 /CONTACT: Phil Burch of Parker Drilling, 918-631-1320/
 (PKD)


CO: Parker Drilling Co. ST: Oklahoma IN: OIL SU: ERN

TM -- SF003 -- 4496 01/13/93 14:34 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 13, 1993
Words:220
Previous Article:WM LIFE CHAIRMAN PASSES TITLE OF CEO TO PRESIDENT
Next Article:KNOGO REPORTS STRONG THIRD FISCAL QUARTER
Topics:


Related Articles
PARKER POSTS PROFITABLE YEAR
PARKER POSTS PROFITABLE QUARTER
PARKER REPORTS INCREASED REVENUE, WRITEOFF
PARKER DRILLING POSTS NET LOSS
PARKER DRILLING ANNOUNCES SECOND QUARTER RESULTS
PARKER REPORTS YEAR-END RESULTS; NEW CORPORATE STRATEGIC PLAN
PARKER REPORTS THIRD QUARTER GAIN
PARKER REPORTS YEAR-END PROFIT
PARKER REPORTS FIRST QUARTER PROFITS
Parker Drilling Reports Results For Fourth Quarter and Year 1999.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters