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MDI: Revenue up 17.3%, profit down 75.1% on impairments; strong pipeline and cash flow support outlook

MDI: Revenue up 17.3%, profit down 75.1% on impairments; strong pipeline and cash flow support outlook

Master Drilling Group Ltd.August 26, 20245
MDI: Revenue up 17.3%, profit down 75.1% on impairments; strong pipeline and cash flow support outlook

About this update from Master Drilling Group Ltd.

Revenue grew 17.3% to USD127.0 million, but profit dropped 75.1% due to equipment impairments. Strong cash flow and a robust order pipeline support a positive outlook, with continued focus on innovation and operational efficiency.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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