BLY boart longyear group ltd
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    23/02/15
    11:12
    Post #: 14800784
    .

    Boart Longyear Limited (ASX:BLY) has trimmed its annual loss over the 2014 calendar year but cautioned on future earnings. 

    The drilling services provider booked a net loss of $US333 million, improving from a loss of $US620 million the year before. 

    President and CEO Richard O'Brien says despite last year’s challenges the company has entered this year in a stronger and healthier position following significant cost cuts.  

    No earnings or revenue guidance has been provided but Boart Longyear has warned it will likely be impacted by competitive conditions and a higher US dollar.

    No dividends have been declared. 
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