Leading supplier of drilling services and equipment, Boart Longyear, recorded a loss from trading activities of $24 million for the three months to March 31, 2015, broadly in line with its result for the previous corresponding period.

Given revenues were down from $197 million in the three months to March 31, 2014, to $187 million, it was not surprising to see the company's shares traded evenly despite the loss. This demonstrates management's attention to cost-cutting and improving efficiencies is gaining traction.