MANAGEMENT

Revenue down as finance crunch brakes Boart Longyear

SEPTEMBER quarter revenue was down 0.5% year-on-year to US$264 (A$416) million for drilling services and orebody intelligence company Boart Longyear as the finance crunch for junior and intermediate mining continued to bite.

Trutools sales helped boost Boart Longyear's Veracio revenue.

Trutools sales helped boost Boart Longyear's Veracio revenue.

However, earnings before interest, tax, depreciation and amortisation were up 38.2% year-on-year to $23.9 million. The company posted a net profit of $1.2 million for the quarter up a modest 271.4%...

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