Major Drilling Group International Inc 2016 AR2
The report outlines Major Drilling Group International Inc.'s financial and operational performance for the fiscal year ended April 30, 2016. Despite facing a challenging market with flat revenues of $305 million, the company grew its cash flow from operations by 53% to $22 million and expanded its percussive drilling division. The company also implemented restructuring measures, including closing operations in South Africa and Namibia, resulting in a restructuring charge of $8.4 million. Major Drilling maintained its commitment to safety through its TAKE 5 program and prioritized minimizing its environmental footprint.
Company: Major Drilling Group International Inc
Sector: Energy
Country: Canada
Year: 2016
Type: AR2
Pages: 47
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Major Drilling Group International Inc
Annual Report
The report outlines Major Drilling Group International Inc.'s financial and operational performance for the fiscal year ended April 30, 2016. Despite facing a challenging market with flat revenues of $305 million, the company grew its cash flow from operations by 53% to $22 million and expanded its percussive drilling division. The company also implemented restructuring measures, including closing operations in South Africa and Namibia, resulting in a restructuring charge of $8.4 million. Major Drilling maintained its commitment to safety through its TAKE 5 program and prioritized minimizing its environmental footprint.
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Document Details
Report Year
2016
Reporting Period
May 1, 2015 - Apr 30, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available