Master Drilling Group Ltd 2015 IR
The report highlights Master Drilling Group Limited's performance for the 2015 fiscal year, during which the company achieved a 14% increase in profits to $21.1 million despite a 9% decrease in revenue to $120 million. Key achievements included the acquisition of a 40% stake in Bergteamet Raiseboring Europe to expand into Scandinavia, the establishment of a base in the USA, and the commissioning of the RD8, one of the world's largest raise bore rigs. The company also completed its 2015 drill rig fleet automation programme and continued to focus on diversifying into the civil, construction, and hydroelectric sectors to mitigate the global commodity downturn.
Company: Master Drilling Group Ltd
Sector: Construction
Country: South Africa
Year: 2015
Type: IR
Pages: 104
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Master Drilling Group Ltd
Integrated Report
The report highlights Master Drilling Group Limited's performance for the 2015 fiscal year, during which the company achieved a 14% increase in profits to $21.1 million despite a 9% decrease in revenue to $120 million. Key achievements included the acquisition of a 40% stake in Bergteamet Raiseboring Europe to expand into Scandinavia, the establishment of a base in the USA, and the commissioning of the RD8, one of the world's largest raise bore rigs. The company also completed its 2015 drill rig fleet automation programme and continued to focus on diversifying into the civil, construction, and hydroelectric sectors to mitigate the global commodity downturn.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees