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BRIEF-Boart Longyear says announces results for half-year ended 30 June 2015

Published 24/08/2015, 10:17 am
© Reuters.  BRIEF-Boart Longyear says announces results for half-year ended 30 June 2015

Aug 24 (Reuters) - Boart Longyear Ltd BLY.AX :

* Says announces results for the half-year ended 30 June 2015

* Says HY revenues were down 8% from the corresponding period in 2014

* HY statutory operating loss of $84 million reflects a $2 million improvement over the first 1 half of 2014

* Says company, along with the entire drilling industry, continues to experience muted demand

* Says expects net working capital balances to decrease by year-end 2015

* Management expects that the primary factors driving revenue, will remain broadly consistent with levels experienced in the first half of 2015

* Source text for Eikon ID:nASX3kYHLc

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