Cabo Drilling Corp. reported earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company's revenue was CAD 5,262,000 compared with CAD 3,784,000 a year ago. EBITDA was CAD 359,000 compared with CAD 55,000 a year ago. Net loss after tax was CAD 368,000 or CAD 0.00 per basic share compared with CAD 657,000 or CAD 0.01 per basic share a year ago. Cash from operations was CAD 46,000 compared with cash used in operations of CAD 65,000 a year ago. The primary reason for the increase in revenue is due to increased drill utilization in their Ontario division and increased tree falling and clearing services provided in their Latin American division.

For the six months, the company's revenue was CAD 8,902,000 compared with CAD 7,668,000 a year ago. EBITDA was CAD 397,000 compared with CAD 99,000 a year ago. Net loss after tax was CAD 993,000 or CAD 0.01 per basic share compared with CAD 1,427,000 or CAD 0.02 per basic share a year ago. Cash used in operations was CAD 60,000 compared with CAD 76,000 a year ago.