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Hunting Sees Fall in Full-year Revenue on Oil Slump

Posted by May 12, 2016

Oilfield services company Hunting Plc said it expects revenue for the year to fall between 30-40 percent due to the slump in oil prices.
 
Hunting reported a underlying earnings before interest, taxes, depreciation and amortization loss of $16.2 million for the four months ending April.
 
Shares in the company were down about 12.45 percent at 297 pence at 1346 GMT.
 

(Reporting by Rahul B in Bengaluru)

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