Master Drilling expects to report lower earnings
Drilling contractor Master Drilling expects its headline earnings per share (HEPS) for the six months ended June 30 to be between 49.5c and 57.2c a share, which will be between 25.5% and 35.5% lower year-on-year.
Earnings per share (EPS) for the six months are expected to be between 46.2c and 53.8c, which will be between 29.8% and 39.8% lower than the EPS of 76.7c a share reported for the prior comparable six months.
In dollar terms, HEPS are expected to be between $0.029 and $0.035, a year-on-year decrease of between 35.7% and 45.7%.
EPS are expected to be between $0.027 and $0.033 - a decrease of between 39.4% and 49.4% year-on-year.
Master Drilling’s interim results will be released by August 25.
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