Q: North American Construction Group (NOA.TO) advised that its Q1 profit fell by 35% on higher expenses and depreciation while revenue rose 63% to $186.4 million Net income fell to $7.18 million, or $0.25 per share, compared to a profit of $11.13 million, or $0.36, in the first quarter of 2018. Adjusted earnings per share dropped to $0.52 from $0.55.
How would you rate the results as the oil sands are a key component of its success?
Thank you for your insight.
How would you rate the results as the oil sands are a key component of its success?
Thank you for your insight.