- Margins increased in fourth quarter, following exit from West Africa and continued demand for drilling services from senior and intermediate mining customers - VAL-D'OR, QC, Sept. 19, 2024 /CNW/ -
Orbit Garant Drilling Inc. today announced its financial results for the three-month period and fiscal year ended June 30, 2024. All dollar amounts are in Canadian dollars unless otherwise stated. Financial Highlights Three months ended June 30, 2024 Three months ended June 30, 2023 Fiscal year ended June 30, 2024 Fiscal year ended June 30, 2023 Revenue 45.3 46.8 181.2 201.0 Gross Profit 7.3 0.7 20.4 18.3 Gross Margin 16.1 1.4 11.2 9.1 Adjusted Gross Margin ¹ 21.7 15.9 16.7 16.2 Adjusted EBITDA¹ 6.4 1.8 14.4 19.1 Net earnings Net earnings per share - Basic and diluted This is a no...