07:32 AM EDT, 07/31/2025 (MT Newswires) -- Foraco International ( FRACF ) , a global provider of drilling services, on Thursday reported a decrease in net profit and revenue in the second quarter.

The company reported net profit of US$6 million, or US$0.06 per share for the three-months ended June 30, compared with US$7.8 million or US$0.07, a year-ago. The result was in line with a consensus estimate compiled by FactSet.

Revenue for the quarter decreased to US$69.1 million, compared with US$77.9 million, a year-ago, missing the consensus estimate compiled by FactSet of US$73.1 million.

The company said Asia Pacific and EMEA delivered growth, with revenue up by US$5.7 million at constant exchange rates, while North and South America fell by US$11 million mainly due to the discontinuation of certain client programs and delays in starting new contracts.

Shares of the company closed down 4.7% to $1.63 on Wednesday on the Toronto Stock Exchange.