10:50 AM EST - Major Drilling Group International Inc. : reported a strong rise in its fourth-quarter earnings. The Moncton, Canada-based firm's fourth-quarter net earnings was $25.36 million or $1.05 per share, compared to $17.81 million or $0.75 per share in the year-ago quarter. Earnings from continuing operations increased 42.1% to $25.29 million or $1.07 per share from $17.8 million or $0.77 per share in the prior-year quarter. Total revenue for the quarter was $170 million, a 31.8% increase from $129.05 million last year. Major Drilling Group International Inc.
shares T.MDI are trading up 27 cents at $55.66.
