Master Drilling posts R10m profit for half-year to June

JSE-listed drilling services provider Master Drilling has declared a 22.9% jump in headline earnings from 61c to 75c for the six months ended June 30. At its results presentation in Johannesburg on Monday, the group also noted a profit of $10.4-million, up by 11%, and cash generated from operations of $24-million, an increase of 175.3%, all while facing an economic downturn in the global commodity sector.