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Boart bounces

DRILLING services and equipment provider Boart Longyear Group has turned out a $19 million net profit after tax for the March quarter, a 290% turnaround on the $10 million loss it posted one year ago.

Noel Dyson
Drilling services player makes a turnaround.

Drilling services player makes a turnaround.

That profit was driven by revenue of $261 million for the quarter - not up massively from the $209 million it recorded in the 2021 March quarter. It seems the productivity efficiencies BLG implemented...

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