Swick posts loss, forecasts rebound

DRILLING company Swick Mining Services has posted a $A400,000 net loss for the six months to December, with falling demand hurting the bottom line.

Swick posts loss, forecasts rebound Swick posts loss, forecasts rebound Swick posts loss, forecasts rebound Swick posts loss, forecasts rebound Swick posts loss, forecasts rebound

Reporting its half-year results today, Swick said revenue had dropped 25% to $56.8 million and earnings before interest, tax, depreciation and amortisation were down 58% to $6.8 million.

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