Ensign Energy Q4 Profit Surges 64%

Ensign Energy Services Inc

reported a 64% surge in its fourth-quarter profit. Ensign Energy's quarterly net income jumped to C$52.6 million ($52.60 million), or 34 Canadian cents per share, versus C$32.1 million, or 21 Canadian cents per share, in the year-ago period. Its revenue climbed 43% to C$578 million. Ensign Energy's adjusted profit came in at 38 Canadian cents per share. Ensign Energy shares closed at $17.53 on Friday.