Ausdrill on track to deliver 2018 earnings guidance

Company News

by Anna Napoli

Exploration company Ausdrill (ASX:ASL) has reported a 168 per cent rise in profit after tax to $35 million for the half year to December 2017.

Sales Revenue strengthened, and lifted almost 18 per cent to $440 million compared to the prior corresponding period.

Its earnings (EBIT) rose 71 per cent to $58 million.

The company declared a fully franked interim dividend of 3.5 cents per share.

Ausdrill says they are on track to deliver earnings guidance of 40 per cent up lift for the 2018 financial year.

Shares in Ausdrill (ASX:ASL) are trading 11.32 per cent higher to $2.95

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.