Geodrill Limited Ord (TSE:GEO) has released an update.
Geodrill Limited, a prominent West African drilling company, has reported a decrease in annual revenue from $138.6M to $130.5M and a significant drop in net income from $18.8M to $3.8M in its 2023 financial year. Despite this, the company maintained a solid EBITDA of $20.6M and is focusing on growth and diversification, with a strong pipeline in gold exploration and plans to expand into new regions and minerals for 2024.
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