Precision Drilling Trust (PDS, PD_U.TO) reported third quarter net income of C$72 million or C$0.25 per unit, compared to C$82 million or C$0.61 per unit last year.
Revenue for the quarter fell 11.3% to C$253.34 million from C$285.64 million in the prior year.
Earnings before interest, taxes, depreciation and amortization and foreign exchange were C$86 million for the third quarter of 2009, a 28% decline from the previous year.
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