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Swick Mining Services profit dives 86pc

Swick Mining Services said net profit for the year dived 86 per cent to $1.54 million on the back of a 20 per cent fall in revenue to $117.6 million but the company will pay a dividend for the period.

Tess Ingram
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Swick Mining Services said net profit for the year dived 86 per cent to $1.54 million on the back of a 20 per cent fall in revenue to $117.6 million.

Earnings before interest, taxes, depreciation, and amortisation was $16.6 million, down 46 per cent from $30.8 million.

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    Original URL: https://www.afr.com/markets/commodities/swick-mining-services-profit-dives-86pc-20140825-jcy8e