Boart Longyear Limited announced consolidated earnings results for the half year ended June 30, 2018. For the period, the company reported the company reported revenue of $394.2 million compared to $356.2 million a year ago. Statutory EBITDA was $28.3 million compared to LBITDA of $12.0 million a year ago. Adjusted EBITDA was $36.6 million compared to $21.4 million a year ago. These improvements had been driven by strong flow-through from increased volume, a focus on delivery, productivity improvement and operating cost initiatives and continued reduction in SG&A cost base despite the high revenues. These gains were, however, partially offset by marginally weaker FX and some one-off negatives. Also, a positive to see the statutory EBITDA, inclusive of restructuring cost, was $40 million higher year-on-year. In terms of adjusted net profit after tax, while still negative at negative $10 million, improved by $44 million year-on-year and again, statutory NPAT improved by $67 million. Statutory net loss after tax was $16.3 million compared to $85.2 million a year ago. Adjusted net loss after tax was $9.7 million compared to $53.5 million a year ago. Net cash flows used in operating activities was $12.0 million compared $57.7 million a year ago. Net Debt was $650 million compared to $599 million a year ago. Operating profit was $9.9 million compared loss of $38.7 million a year ago. Profit from Trading Activities was $23.0 million compared to loss of $1.1 million a year ago. Cash used in operations was $2.0 million compared to $50.5 million a year ago. Capital expenditures (accrual) was $20.5 million compared to $15.2 million a year ago. Capital expenditures (cash) was $19.4 million compared to $14.3 million a year ago. Loss per share (basic and diluted) was 0.1 cents compared to 9.1 cents a year ago. Loss for the period attributable to equity holders of the parent was $16,323,000 compared to $85,234,000 a year ago. Purchase of property, plant and equipment was $19,020,000 compared to $12,593,000 a year ago. The positive news is that EBITDA improved by 14% with volume and improved rig uptime. Revenue is up 11% or $38 million. Adjusted EBITDA, up $16 million; and adjusted NPAT, up $44 million.