Drilling services specialist reports 40% profit increase

Publication: Modern Mining
Source: Modern Mining

If there’s a recession on in the mining industry, no one seems to have told JSE-listed Master Drilling Group. The Fochville-based company, focused on both raiseboring and conventional (or ‘slimhole’) drilling, recently announced a 40,4% increase in profit to R100 million (US$9,3 million) and a 29,2% increase in headline earnings per share for the six months ended 30 June 2014 (H1 2014). As at the end of the reporting period, Master Drilling had committed orders totalling R2,1 billion.

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