Australia's Boart Longyear falls on quarterly profit drop

Boart Longyear

27/10/2023 02:29

** Shares of Boart Longyear  BLY.AX  slip as much as 6.9% to
A$1.215, their biggest intraday pct loss since Oct 9
    ** The drilling services provider says its quarterly
adjusted operating profit fell 4.3% to A$31.2 mln ($19.75 mln)
due to higher maintenance and one-off costs within its drilling
services segment  urn:newsml:reuters.com:*:nFWN3BW4C8
    ** Co posts a 0.5% decline in quarterly revenue to A$264
million 
    ** Shares hit lowest in two weeks 
    ** Stock down ~30.8% this year, as of last close





($1 = 1.5795 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))