Boart Longyear Q2 revenue up on Q1

Shares in drilling services provider lift as it expects to be able to pay creditors.

Shares in drilling services provider Boart Longyear have lifted after the company said it expected to have the liquidity to meet obligations to credtitors and second-quarter revenue rose from first-quarter levels.

At 10.15am (AEST), Boart shares rose 2.2% to 23c, against a benchmark index fall of 0.17%. Boart shares earlier reached as high as 26c.


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