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Master Drilling expects FY earnings boost

24th March 2016

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – JSE-listed Master Drilling on Thursday said it expected a double-digit rise in earnings for the year ended December 31.

Headline earnings per share (HEPS) were expected to jump some 30% to 40% from the HEPS of 131.5c posted in the prior period to between 170.8c and 184c in the 12 months to December 2015.

The group’s earnings a share for the year ended December 31, 2015, were anticipated to increase by 34% to 44% year-on-year to between 165.8c and 178.2c apiece.

Master Drilling would publish its year-end financial results on March 31.

The company’s share price rose by 12% to R12.35 a share on Thursday morning, compared with Wednesday’s close of R11.02.

Edited by Creamer Media Reporter

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