AJL loss improves

AJ LUCAS' long string of losses has continued, but hopes the worst of a dreadful few years is behind it with an improvement in underlying earnings, its Australian businesses performing above expectations and a likely resumption of drilling for shale gas in the UK before the end of the year.

AJL loss improves AJL loss improves AJL loss improves AJL loss improves AJL loss improves

The diversified drilling and engineering concern's net loss improved from $45.2 million to $19.5 million.

AJL's underlying EBITDA increased 54.8% to $14.6 million.

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