Strong safety and financial performance.
Sales revenue of $776.3 million, up 4.5% on prior corresponding period.
$1.6 billion in new projects and contract renewals secured.
Profit from continuing operations of $31.4 million, up 53.3% on prior corresponding period.
Reported profit of $31.2 million, basic earnings per share
10.0 cents per share.
Fully franked final dividend of 2.0 cents per share declared, bringing total dividends for the year to 4.0 cents per share.
Strong cash flow generation allowing substantial investment in growth to be cash funded.
Strong balance sheet with cash reserves of $166.7 million and improved gearing of 26.0%.
Ausdrill is targeting 30-40% profit growth in FY18.
A$million | FY17 | % change |
Sales revenue | 776.3 | 4.5% ▲ |
EBITDA | 136.8 | 9.4% ▲ |
EBIT | 74.4 | 30.3% ▲ |
Profit before tax | 45.3 | 80.6% ▲ |
Profit from continuing operations | 31.4 | 53.3% ▲ |
Loss from discontinued operations | (0.2) | |
Reported profit after tax | 31.2 | |
Operating cash flow | 94.6 | 4.0% ▲ |
African Mining Services |
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African Underground Mining Services |
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Drilling Services Australia |
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Equipment Services & Supplies |
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Other Businesses |
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Business Improvement |
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Project | Client | Services Provided | Location | Term |
Yanfolila Gold | Hummingbird Resources | AMS - Open pit mining | Mali | 3 years |
Boungou Gold (was Natougou) | SEMAFO | AMS - Open pit mining | Burkina Faso | 5 years |
Mako Gold | Toro Gold | AMS - Open pit mining | Senegal | 6 years |
Edikan - Esuajah North | Perseus | AMS - Open pit mining | Ghana | 3.5 years |
Bissa Gold | Nordgold | AMS - Equipment hire | Burkina Faso | 1 year |
Subika - Ahafo complex | Newmont Ghana Gold | AUMS - Underground mining | Ghana | 5 years |
St Ives and Granny Smith | Gold Fields | DSA - Exploration drilling | Australia | 3 years |
Super Pit | KCGM | DSA - Production drilling, grade control | Australia | 5 years |
Blair Athol Coal | Link Mining Services | DSA - Drill and blast | Australia | 5 years |
Several mine sites | Peabody Australia | ESS - Equipment hire | Australia | 2 years |
Ausdrill Limited published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2017 09:57:02 UTC.
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