FilingReader Intelligence

Master Drilling declares higher dividend despite profit dip

March 28, 2025 at 12:17 AM UTCBy FilingReader AI

Master Drilling Group Limited announced a record revenue of USD270.8 million for the year ended December 31, 2024, an 11.5% increase year-over-year. Despite the revenue surge, earnings per share decreased by 15.4% to 11.5 US cents, while headline earnings per share rose by 22.1% to 17.7 US cents. The company declared a dividend of ZAR65.0 cents per share, up from ZAR52.5 cents in 2023. The company highlighted a stable order book of USD332.5 million and a healthy pipeline of USD695.8 million. The Group continues to see Africa as a key market for growth and is actively looking for new business opportunities

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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