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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.

Perenti emerges from smaller Ausdrill skin Perenti emerges from smaller Ausdrill skin Perenti emerges from smaller Ausdrill skin Perenti emerges from smaller Ausdrill skin Perenti emerges from smaller Ausdrill skin

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