AKITA Drilling Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 46.3 million compared to CAD 65 million a year ago. Net income was CAD 2.63 million compared to CAD 9.52 million a year ago.

Basic earnings per share from continuing operations was CAD 0.07 compared to CAD 0.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.24 a year ago.