03:39 PM EST - Foraco International SA : reported unaudited financial results for its first quarter 2013. All figures are reported in US Dollars unless otherwise indicated. Q1 2013 revenue amounted to $59.8 million compared to $88.2 million in Q1 2012, a decrease of 32%. Excluding the impact of acquisitions performed during fiscal year 2012, revenue decreased by 53% due to the continued trend of sharp fall of the exploration budgets of mining companies recorded in all regions which significantly impacted the activity since Q4 2012. Q1 2013 gross profit including depreciation within cost of sales was a loss of $8.7 million, compared to $20.4 million in Q1 2012. Foraco International SA
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