Group more than doubles its operating profit but opts to defer dividend decision
Global drilling company Master Drilling has decided to defer a dividend decision due to the extreme uncertainty being generated by the conflict in Ukraine, but it is pleased with its record revenue generation and a healthy order book.
Revenue rose 40% to $171.8m in the group’s year to end-December, with operating profit more than doubling to $27.8m, helped by a bounce back in activity in Mexico and a strong performance in Brazil, where it garnered new clients...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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