METS

Perenti emerges from smaller Ausdrill skin

Mining and drilling services group Perenti (formerly Ausdrill) is positioned to build on its “transformational” FY2019 in the current year with A$1.7 billion of $7 billion current work-in-hand down for delivery in FY20 and net profit after tax forecast to come in at about $140 million versus $128.3 million in FY19.

Staff reporter
Perenti chairman Ian Cochrane and CEO Mark Norwell

Perenti chairman Ian Cochrane and CEO Mark Norwell

The Africa and Australia focused contractor increased NPAT 23% in FY19, a year in which it consolidated the A$270 million acquisition of underground hard-rock mining contractor Barminco, on revenue 14.2%...

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