Tough times for Ausdrill

TUMBLING commodity prices and lower levels of demand for its services have forced Ausdrill to announce that it will take a pre-tax writedown on plant and equipment of up to $A220 million.

Tough times for Ausdrill Tough times for Ausdrill Tough times for Ausdrill Tough times for Ausdrill Tough times for Ausdrill

A rig from Ausdrill's Pilbara operations.

Ausdrill’s profitability took a further hit with the loss of two big underground contracts as producers looked to move to owner-mining to save costs.

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