Ausdrill Limited
(ASX:ASL) has booked an interim loss following $197.3 million worth of impairment charges amid tough conditions in the mining sector and lower commodity prices.
The mining services provider posted a net loss of $177.4 million in the first half of the 2015 financial year from a profit of $14.5 million the year before.
Ausdrill has described the results as disappointing and says the performance reflects the continuation of a challenging environment for the resources industry.
Looking ahead the company expects these conditions to continue for the remainder of the year but has flagged opportunities for improvements in selected markets.
Shares in Ausdrill closed at $0.39 prior to the announcement being made yesterday evening.
A fully franked interim dividend of 1 cent per share has been declared.
