Master Drilling secures healthy pipeline of projects, despite challenges

September 6, 2016

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JSE-listed drilling services provider Master Drilling has overcome a challenging economic climate to secure a $208.9-million order book, while its headline earnings a share increased 30.1% year-on-year to 97.6c in the six months ended June 30. At a presentation of the company’s interim results, in Johannesburg, on Tuesday, CEO Danie Pretorius said that, although the company had experienced a slow start to 2016, owing to delayed access to sites, delays in project start-ups, poor ground conditions and economic fluctuations, its performance had been strengthened in the second quarter by improved mining activity in Latin America.

Category: General