Boart Longyear 'disappointed' in share price performance

Drilling services provider eyes lift in mining industry conditions after difficult year.

Boart Longyear says it is set to return quickly to profitability when conditions in the mining industry improve, after shedding over 3,300 jobs in the past year.

The last year had been "one of the most difficult years in the history of Boart Longyear," the drilling services provider's chair, Barbara Jeremiah, told shareholders at today's annual general meeting.

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