MINING services contractor Ausdrill has reported a net profit after tax of $11.3 million for the year to June 30 and is predicting another strong year ahead. The result included a one-off tax credit of $2.2 million and the acquisition of an outstanding 50 per cent interest in African Mining Services, Ghana. Normalised revenue was up 32 per cent to $212.1 million with normalised profit after tax up 28 per cent to $9.1 million. The Kewdale-based com-pany’s Australian businesses performed well, with an increase in the division’s before-tax profit contribution to $10.2 million, up 252 per cent.Ausdrill declared a final fully-franked dividend of 2.25 cents a share, payable on October 26. The financial position of the company remained solid, the directors said in a statement, with shareholder equity growing by $10.6 million to $79 million and a cash position of $11.2 million. In March Ausdrill acquired from Henry Walker Eltin its 50 per cent share in AMS, which it expects to be a strong contributor to the group in future years.
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