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.
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.
AJ Lucas begins review of UK assets
Debt-ridden AJL posts another loss
Viva crashes into financial loss
