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Baker Hughes Profit Boosted by Middle East, Africa Drilling

Source: Reuters 1/21/2014, Location: North America

Baker Hughes Inc posted a 16 percent increase in quarterly profit, driven by higher drilling activity in the Middle East and Africa.

Net income attributable to Baker Hughes rose to $248 million, or 56 cents per share, in the fourth quarter from $214 million, or 49 cents per share, a year earlier.

Revenue at the world's third-largest oilfield services company rose 10 percent to $5.86 billion.

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