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Swick improves performance

DRILLER Swick Mining has improved its underlying performance year-on-year despite low commodity prices and lingering uncertainty in global demand for metals in 2015-16. However, the company reported a $2.8 million after tax loss.

Karma Barndon
Swick Mining Services has enjoyed better performance this year.

Swick Mining Services has enjoyed better performance this year.

Impairments, carried forward tax losses in its international business and increased rig maintenance costs all contributed to the loss. Swick kept focus on internal strategies with investment in research...

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