Tag: Danie Pretorius
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.
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.
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.
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.
Master Drilling CEO Danie Pretorius shares outlook for company