Boart Longyear Q1 revenue slides

Drilling services provider's revenue declines 47% on subdued global exploration appetite.

Boart Longyear (BLY) has posted a steep 47% decline in first-quarter revenue as subdued global exploration appetite continues to weigh on drilling services.

Revenue came to $US197.4 million, significantly lower than $370.2m in the previous corresponding quarter.


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