AJ Lucas Group Limited
(ASX:AJL) says it has managed to improve profits by 55per cent despite a slip in total revenue.
Full year revenue dropped from $145 million in 2015 to $125.5 million in 2016.
However underlying EBITDA jumped 54.8 per cent to $14.6 million.
AJ Lucas chairman Phil Arnall said the better-than-expected result was due to a combination of the successful completion fo the Eastern Goldfield pipeline, strong contracting in the drilling business and overhead initiatives in line with the current
