Swick Mining Services Limited reported revenue results for the first quarter of fiscal 2014. Revenue fell 16% to an unaudited $32.0 million in the first quarter ended September 30 from $38.0 million a year ago.

For the first half of fiscal 2014, EBITDA margin is expected to be materially lower than the corresponding period last year, before recovering to between 18% and 20% for the full year.

For the fiscal year 2014, the company expected annual revenue to be in the vicinity of $125 million to $135 million.