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UK's Hunting posts much smaller loss, boosted by U.S. shale demand

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UK's Hunting posts much smaller loss, boosted by U.S. shale demand

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(Reuters) – Oilfield services company Hunting Plc <HTG.L> reported an 82 percent fall in first-half loss as U.S. shale companies drilled more wells, boosting demand for equipment and services. The company, which provides drilling and infrastructure support to oil explorers, said underlying loss from operations fell to $9.1 million in the six months ended June 30, from $50.8 mln a year earlier. Revenue jumped 39.6 percent to $318.9 million.

(Reporting by Arathy S Nair in Bengaluru; Editing by Gopakumar Warrier)
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