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News Volume Accessibility Table
DateIndex Fund Price vs. News Density
07/12$1.33
07/14$1.34
07/15$1.26
07/18$1.48
07/19$1.54
07/20$1.57
07/21$1.44
07/26$1.56
08/2$1.46
08/3$1.38
08/4$1.32
  • Aug 3, 2022

  • Aug 2, 2022

      Show headlines and story abstract
    • 5:54PM ET on Tuesday Aug 02, 2022 by Thomson Reuters
      Companies Mentioned: AKT.A

      Aug 2 (Reuters) - AKITA Drilling Ltd:

      * AKITA ANNOUNCES SECOND QUARTER RESULTS

      * AKITA DRILLING LTD - QTRLY LOSS PER SHARE $0.11 Source text for Eikon: ...

    • 5:52PM ET on Tuesday Aug 02, 2022 by CNW Group
      Companies Mentioned: AKTAF

      AKITA Drilling Ltd. (TSX: AKT.A)

      AKITA Drilling Ltd. ("AKITA" or the "Company") announces results for the six months ended June 30, 2022.

      Results for the second quarter of 2022 improved over the second quarter of 2021 as the demand for drilling services in both Canada and the US continued to strengthen, resulting in a 130% increase in the Company's revenue for the second quarter of 2022 compared to the same period in 2021. The Company's net loss decreased to $4,252,000 from $6,108,000 and adjusted funds flow from operations increased to $4,718,000 in the second quarter of 2022 from $1,056,000 in the same period of 2021. Activity in the Company's Canadian division increased 258% with 569 operating days in the second quarter of 2022, compared to 159 operating days in the second quarter of 2021. Activity also improved in the Company's US Division which achieved 993 operating days in the second quarter of 2022, compared to 615 operating days in the second quarter of the year prior (up 61% year over year). In the second quarter of 2022, the Company spent $3,633,000 on capital, primarily on routine capital, compared to $3,138,000 in the same period of 2021. Debt remained unchanged at $95,000,000 over the first and second quarters of 2022.

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