Mining services business Ausdrill has delivered a solid full-year result on the back of strong performance in its gold operations in Africa, and is targeting further growth in the year ahead.
Perth-based Ausdrill announced a 53.3 per cent surge in net profit to $31.4 million for the 2017 financial year, with revenue up 4.5 per cent to $776.3 million.
It also grew pro-forma earnings by 8.6 per cent to $154.5 million, and declared a final dividend of 2 cents per share for a full-year payout of 4 cents per share, fully franked.
In a statement, managing director Ron Sayers said the companys growth in Africa, combined with cost reductions and restructuring across the group, were key drivers behind the results.
Over the past 12 months we have won …
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