May 10, 2010 (Baystreet.ca) --
reported its first-quarter funds from operations or FFO improved 6% to $87.3 million or $0.57 per share from $82.0 million or $0.54 per share in the previous year. However, net income for the three months ended March 31 declined 45% to $40.03 million or $0.26 per common share from $72.69 million or $0.47 per share last year. Adjusted net income for the recent quarter stood at $39.82 million or $0.26 per share versus $70.15 million or $0.46 per share a year ago. Ensign Energy Services Inc.
