Diversified mining services company Ausdrill (ASX:ASL) has released the first quarter financial year 2019 business update for its wholly owned subsidiary, Barminco Holdings.
They report Barminco's EBITDA is up 23.7 per cent on the prior corresponding period.
Revenue has seen an uplift a result of increased scope at key sites and the Mt Colin ramp up.
All sites continue to perform to target.
Ausdrill’s acquisition of Barminco completed on 31 October 2018.
Shares in Ausdrill (ASX:ASL) closed 4.1 per cent higher to $1.40 yesterday.