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Boart Longyear looks to tools after loss

DRILLING services supplier Boart Longyear has recorded an adjusted net loss of $US108 million for 2016, an 18% improvement on the $132 million loss for 2015, despite a further 13% fall in revenues.

Andrew Hobbs
Boart Longyear looks to tools after loss

The $93 million fall in revenue to $642 million for the year was driven by a lower volume of exploration activity and a series of unfavourable currency translations due to a stronger US dollar, Boart CEO...

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