Boart narrows loss

DRILLING major Boart Longyear has posted a $US333 million ($A424.6 million) net loss after tax but says it has entered the year in a stronger position with less uncertainty.

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Boart Longyear has posted a loss but the company's management believes it is in a stronger position.

The result compared to a $620 million loss in 2013. Adjusted NPAT was $142 million.

The company recognised restructuring and recapitalisation costs, and asset impairments of $114 million.