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Boart records quarterly loss

Boart Longyear hit by unfavourable exchange rate movements and lower drilling revenue.

Jack McGinn
Boart Longyear has blamed its $US14M loss on unfavourable exchange rate movements and lower drilling revenue.

Boart Longyear has blamed its $US14M loss on unfavourable exchange rate movements and lower drilling revenue.

The $14 million loss before interest tax depreciation and amortisation compares unfavourably with a $2 million loss posted in the first quarter of 2014, and was generated from revenue of $187 million —...

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