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<p>With the material impact of Covid-19, Master Drilling&#8217;s revenue fell 17 per cent for the year ended December. Net cash generation, however, jumped 72.7 per cent. Although the group experienced a significant decline in revenue in South America, this was offset by regions such as India, Africa and Scandinavia. Master Drilling CEO, Danie Pretorius joins CNBC Africa for more.</p>


Master Drilling CEO on why he believes South America will deliver returns this year

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<p>Master Drilling has reported an interim revenue decrease of 18 per cent and a headline loss of 30.5 per cent as a result of the impact from the COVID-19 crisis, however the group had a revenue pipeline of $281.4 million at the end of June and a committed order book of $144.6 million, including $60 million in the second half of this year. Master Drilling CEO, Danie Pretorius joins CNBC Africa for more.</p>


Master Drilling sees H1 revenue drop due to COVID-19

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<p>Master Drilling has experienced some positivity off emerging currency weakness as its business generates is US dollars revenues and increased its annual revenue by 6.9 per cent to $148.3 million. The group has ended its Africa operations in Zambia and Mali and is currently holding onto the prolonged volatility in South Africa. Master Drilling CEO Danie Pretorius, joins CNBC Africa for more.</p>


How Master Drilling plans to deal with COVID-19 impact

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<p>Drilling services company Master Drilling reported a 3.8 per cent increase in its revenue boosted by the acquisition of the Atlantis group. The Local South African market remains as a challenge as the company reported a 14.7 per cent drop in interim profit. The company is looking at new opportunities in Russia and Australia but cited volatility in global trade as a challenge for its global operations. Joining CNBC Africa to unpack the numbers is Master Drilling CEO, Danie Pretorius.</p>


Master Drilling CEO: We see growth opportunities in these African countries

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<p>Master Drilling delivered steady interim results with a strong performance recorded locally. The global drilling company reported profits worth $9.7 million for the six months ended-June. Revenue increased by 11.3 per cent to $67 million. Joining CNBC Africa is Danie Pretorius, CEO of Master Drilling.</p>


Master Drilling posts steady first–half results

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<p>During its interim results, Master Drilling&#8217;s Africa operations overtook South America as the largest source of revenue generating $27.4 million, up from $22 million.</p>


Master Drilling CEO Danie Pretorius shares outlook for company

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<p>Master Drilling in its interim results warned of the negative impact the proposed new mining charter and extended downturn in the commodity cycle is having on its clients.</p>


Danie Pretorius

Master Drilling CEO on why he believes South America will deliver returns this year

Master Drilling sees H1 revenue drop due to COVID-19

How Master Drilling plans to deal with COVID-19 impact

Master Drilling CEO: We see growth opportunities in these African countries

Master Drilling posts steady first–half results

Master Drilling CEO Danie Pretorius shares outlook for company

Master Drilling reaffirms commitment to Africa expansion

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Danie Pretorius

Master Drilling CEO on why he believes South America will deliver returns this year

Master Drilling sees H1 revenue drop due to COVID-19

How Master Drilling plans to deal with COVID-19 impact

Master Drilling CEO: We see growth opportunities in these African countries

Master Drilling posts steady first–half results

Master Drilling CEO Danie Pretorius shares outlook for company

Master Drilling reaffirms commitment to Africa expansion

News Tips

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