Boart swings to deep FY loss

Group hit by weakness in core markets; $US421m impairment charges, restructuring costs weigh; shares slide 12%.

Boart Longyear (BLY) has swung to a deep full-year loss and declined to offer any guidance for the year ahead as market uncertainty continues to weigh on the mineral exploration company.

Investors punished Boart Longyear in early trade. At the 1015 AEDT official market open, Boart shares were 12.94% lower at 37 cents, against a benchmark index increase of 0.06%. In earlier trade Boart shares touched as low as 35 cents.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles