Swick turns around drilling business

LAST financial year Swick Mining Services’ drilling business had earnings before interest and tax of -$2.3 million. In 2017-18 SMS has managed to turn that around and post an unaudited EBIT of $2.5 million.

Swick turns around drilling business Swick turns around drilling business Swick turns around drilling business Swick turns around drilling business Swick turns around drilling business

Swick Mining Service has managed a major business turnaround.

The return to positive EBIT in the drilling business has been driven by earnings growth in the second half of FY18 after SMS reported breakeven EBIT in the first half of FY18.

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