Swick looking to 2020

SWICK Mining Services says its performance in the third quarter has set it up for strong earnings growth in the next fiscal year, with its core drilling business generating A$35.1 million in revenue and EBITDA of $7.3 million for the first 90 days of the year.

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Swick remained profitable in the third quarter.

Group EBITDA was $6.4 million, up 54% year-on-year, but down from $8.7 million in the December quarter, while EBIT was $1.2 million, up from a small loss the year earlier.

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