Calfrac Posts Rise In Q1 Profit

Calfrac Well Services Ltd

reported a rise in its first-quarter profit. Calfrac's quarterly net income attributable to shareholders climbed to C$70.8 million, or C$1.59 per share, versus C$49.1 million, or C$1.11 per share, in the year-ago period. Its revenue surged 41% to C$474.1 million. Calfrac shares closed at $25.33 yesterday.