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Eurasia Drilling says Q1 sales down 12 pct y/y

Reuters - UK Focus

MOSCOW, April 17 (Reuters) - Russia's biggest oilfield services company Eurasia Drilling Co (EDC) said on Thursday its first-quarter revenues fell 12 percent on the back of a weaker rouble and changes in its client base.

It said its first-quarter top line revenue fell to $697 million, year-on-year, while EBITDA margin declined to 18.8 percent from 22.6 percent in a year-earlier period.

Total (NYSE: TOT - news) drilling output was down 12 percent to 1.2 million metres. (Reporting by Vladimir Soldatkin; Editing by Lidia Kelly)