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Cancelled rig contracts boost Trinidad Drilling revenue in second quarter

In another sign of how falling commodity prices have warped the oil and gas industry, Trinidad Drilling Ltd. says it generated more revenue from standby fees for rigs not in use and cancelling client contracts than what it actually does: drilling. 211 more words

Calgary

External factors, low rates fuel Canada’s telecom sector as it prepares to release earnings: analysts

External factors may trump actual results when it comes to performance for Canada’s big telecom stocks – so long as interest rates remain at historical lows. 433 more words

FP Tech Desk

Facebook Inc quarterly revenue soars by more than 59% due to boost in advertising dollars

Facebook Inc’s quarterly profit and revenue blew past Wall Street estimates on Wednesday, sending its shares to a record high, as the social media company’s popular mobile app and push into video attracted new advertisers and encouraged existing ones to spend more. 370 more words

Investing

Canadian National Railway Co earnings slip as decline in shipments cut into company's revenue

TORONTO — Canadian National Railway Co reported slightly lower second quarter earnings on Monday as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead. 164 more words

Transportation

Saskatchewan's gaming corporation notches $65.4M profit

The provincial government’s gaming corporation and its two casinos had net income of $65.4 million in the 15-month period ending March 31.

That compares with $49.8 million in income in the 12 months ending on Dec. 431 more words

Local News

SaskTel reports $97.7M in profit on 2015 operations

With cost-cutting and modest growth in revenue, SaskTel posted net income of $97.7 million in the 12 months ending Dec. 31, 2015.

That’s an increase from the $76.4-million net income reported for 2014, and comes with total revenue last year of $1.257.7 million, up from $1.231 million in 2014. 501 more words

Local Business

Saskatchewan Crown corporations' annual reports due shortly

Three months after they usually come out, Saskatchewan Crown corporations’ annual reports — their financial report cards — will be released at some point in July. 385 more words

Business