Boart Longyear looks to tools after loss

DRILLING services supplier Boart Longyear has recorded an adjusted net loss of $US108 million for 2016, an 18% improvement on the $132 million loss for 2015, despite a further 13% fall in revenues.

Boart Longyear looks to tools after loss Boart Longyear looks to tools after loss Boart Longyear looks to tools after loss Boart Longyear looks to tools after loss Boart Longyear looks to tools after loss

The $93 million fall in revenue to $642 million for the year was driven by a lower volume of exploration activity and a series of unfavourable currency translations due to a stronger US dollar, Boart

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