Ausdrill increases FY profit by 53%

Company News


Ausdrill Limited (ASX:ASL) has boosted its full year net profit by 53 per cent to $112.2 million.

The diversified mining services company says the result was increased due to its expanded services to the resources sectors in Australia and Africa.

The company achieved revenue in excess of $1 billion for the first time in its history.

Ausdrill says it plans to focus on securing long term contracts primarily in the gold mining industry.

Ausdrill has declared a final fully franked dividend of 8 cents per share.

Its full year results follow its announcement yesterday that it had inked a deal to buy the Best Tractor Parts Group for $165 million.

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