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AKTAF - Akita Drilling GAAP EPS of -C$0.07 revenue of C$44.99M
Akita Drilling Ltd.
Akita Drilling press release (OTCPK:AKTAF): Q1 GAAP EPS of -C$0.07. Revenue of C$44.99M (+65.6% Y/Y). During the first quarter of 2022, AKITA achieved 722 operating days in Canada, which corresponds to a utilization rate of 40% compared to an industry utilization of 39%. For the first quarter of 2021, the Company's utilization rate was 27% (490 days) with an industry average of 27%.