12:19 PM EST - Ensign Energy Services Inc. : began reporting its financial results in accordance with International Financial Reporting Standards effective January 1, 2011. The Company recorded revenue of $502.2 million in the three months ended March 31, 2011, an increase of 42% from revenue of $352.8 million recorded in the first quarter of the prior year. Net income for the first quarter of 2011 increased 105% to $79.7 million ($0.52 per common share ) compared to net income of $38.8 million ($0.25 per common share) for the first quarter of 2010. Ensign Energy Services Inc.
shares ESI are trading up $0.67 at $17.70.
