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Halliburton profit surges on higher international demand

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By Reuters
Halliburton profit surges on higher international demand
FILE PHOTO: Idle oil production equipment is seen in a Halliburton yard in Williston, North Dakota April 30, 2016. REUTERS/Andrew Cullen/File Photo   -   Copyright  Andrew Cullen(Reuters)

(Reuters) – Oilfield services provider Halliburton Co reported a surge in quarterly profit on Monday, as a recovery in demand from its international customers helped offset lower activity in North America.

Net income attributable to the company rose to $152 million, or 17 cents per share, in the first quarter ended March 31, from $46 million, or 5 cents per share, a year earlier.

Total revenue was largely flat at $5.74 billion.

(Reporting by Arathy S Nair and Debroop Roy in Bengaluru; Editing by Shounak Dasgupta)