Master Drilling posts record revenue in 2023

Master Drilling, a global leader in providing drilling services to the mining industry, has recently announced record-breaking numbers for the year 2023. CNBC Africa's Godfrey Mutizwa sat down with André van Deventer, the company's Chief Financial Officer, to discuss the impressive performance and the outlook for the future. Deventer attributes the success to the company's diversified business model, which has helped navigate the challenges faced in the past year. He highlighted that while the first half of the year was strong in profitability, the second half saw a surge in revenue, albeit with lower profitability. The ability to operate across various commodities and countries has been a key advantage for Master Drilling, ensuring stability even in volatile markets. Deventer expressed optimism for the upcoming year, citing the company's positive outlook and growth prospects.