EXPLORATION & DEVELOPMENT

Ausdrill recovers on WA, African growth

DRILLING contractor Ausdrill has recovered from a poor result last year to post an $8.6 million profit for the year to June on the back of increased activity in Western Australia and a strong contribution from its African Mining Services joint venture.

Greg Tubby

The turnaround follows an $8.5 million loss in 2000-01 and was helped by a $3.4 million windfall from the Australian dollar's second-half rally. However, this was offset by a $3.1 million before-tax...

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