Major Drilling Reports Profitable Second Quarter Results for Fiscal 2019
Demand for our services continued to grow in all of our regions this quarter. Despite the recent drop in commodity prices, most senior mining companies are continuing with their original plans as they work to replace their mineral reserves, said Denis Larocque, President and CEO of Major Drilling Group International Inc. The Companys strong operational leverage was evidenced as revenue growth of 20%, combined with improved margins and flat general and administrative expenses, translated into a 71% increase in EBITDA.