Ausdrill sinks to loss

PREVIOUSLY announced impairments have resulted in a $A177.4 million loss for Ausdrill, but the company expects to benefit from a higher level of activity in the gold sector this year.

Ausdrill sinks to loss Ausdrill sinks to loss Ausdrill sinks to loss Ausdrill sinks to loss Ausdrill sinks to loss

One of Ausdrill's Pilbara operations.

Impairment charges for the December half totalled $197.3 million.

However, revenue for the period was only down 2.3% to $413.6 million and the company posted an operating profit of $19.

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