Indications good for Boart Longyear

MINING services firm Boart Longyear is the latest firm to show tangible proof that the downturn is over, with the company posting an adjusted net profit after tax for 2017, and improvement of US$50 million over the 2016 year.

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The 47% improvement in profitability came of the back of a $97 million (15%) improvement in revenues, and stronger earnings before tax, before the restructuring costs were added to the books, which