Halliburton swings to quarterly profit

Oilfield services provider Halliburton returned to quarterly profit on the back of a 34% increase in revenues and improved activity in North America. 

According to its financial statement for the first quarter 2018 released on Monday, Halliburton recorded income from continuing operations of $46 million for the first quarter of 2018. This compares to a loss from continuing operations for the first quarter of 2017 of $32 million.

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