Boart Longyear narrows H1 loss

By Elizabeth Redman

In the six months to June 30, Boart Longyear reported a net loss of $US142. 83 million, a 56. 6 per cent improvement on the $US329. 39m loss it reported in the previous corresponding period. Revenue dropped 41. 4 per cent to $US421. 5m in the half, compared with $718. 86m in the prior corresponding period.

Drilling services provider Boart Longyear says it does not expect sales to improve in the second half of fiscal 2014, after narrowing its loss in the first half.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator


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