In the News
MEDIA RELEASE - Master Drilling reports resilient annual results in a challenging environment
20 March 2018
20 March 2018 - Master Drilling Group Limited (Master Drilling, JSE: MDI) today released its Annual Results for the year ended 31 December 2017. Revenue increased 2.8% to USD121.4 million and operating profit decreased marginally to USD24.8 million. This was a positive result given that one of the Group’s machine categories, the XX-large machines category, was utilized only 40%. Cost of sales increased in line with the increase in revenue bringing about a flat gross profit percentage in USD terms...