Energold Drilling Corp. reported earnings results for the first quarter ended March 31, 2015. For the quarter, total revenue was CAD 19,613,000 against CAD 37,040,000 a year ago.

Total loss was CAD 3,408,000 or CAD 0.06 per basic and diluted share against net income of CAD 1,416,000 or CAD 0.03 per diluted share a year ago. LBITDA was CAD 241,000 against EBITDA of CAD 6,141,000 a year ago. Adjusted loss was CAD 3,119,000 against adjusted income of CAD 1,806,000 a year ago.

Adjusted loss per share basic and diluted were CAD 0.06 against adjusted income per share of CAD 0.04 a year ago. The majority of the decline in revenue on a year-over-year basis is due to lower oil prices which impacted activity in the Energy division leading to an earlier than expected end to the winter drilling season as some customers reduced some work programs and began to cut price mid-quarter.