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Master Drilling boasts strong order book

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Creamer Media Contributing Editor Online
 
DRILLING
The launch of new projects in the Democratic Republic of Congo, Sierra Leone and Tanzania, paired with increased investment in human resources, has resulted in a 12.1% drop in JSE-listed Master Drilling’s gross profit to $23.5-million for the 2016 financial year. However, the company noted that conservative provisions for taxation in some jurisdictions in previous years, as well as raising of deferred tax assets on historically lossmaking entities that returned to profitability, have led to a decrease in taxation, supporting a 5.7% increase in profit after taxation to $22.3-million. 
 
 
 
 
 

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