Mining services firm Ausdrill (ASL) says it is optimistic on new work in the current year, as it embarks on a cost review amid falling commodity prices and uncertain demand in the sector after meeting its forecast for full-year net profit.
Ausdrill's share price jumped 14.2% to $1.45 at 1026 AEST after the company revealed net profit fell 19.4% to $90.4 million, from $112.2 million, within the company's April guidance for between $90 million and $96 million.
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}
We have sent you a code via SMS to {{user.DayPhone}}
please enter this code below to complete your SMS verification
We cannot send you a code via SMS to {{user.DayPhone}}
Looks you are already a member. Please enter your password to proceed
Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.
| Price | $0 |
| GST | $0 |
| Discount | -{{productDiscount}} |
| TOTAL | {{productPrice}} |
The email address you entered is registered with InvestSMART.
Please login or select "Don't know password"
