Geodrill Achieves Record Q2 Revenue and Expands Operations

Geodrill (TSE:GEO) has released an update.

Geodrill Limited, a prominent West African drilling company, has announced a significant increase in revenue, recording $41.2 million in Q2 2024, a 26% rise from the previous year, alongside a boost in EBITDA and net income. The company also reported operational successes including securing over $150 million in contracts and an expansion into new markets, while maintaining a strong safety record and reinvesting in its equipment.

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