Master Drilling reported an increase of just more than 11% in revenue, which was driven by its Swedish acquisition and the addition of a new drilling machine. However, the group, which released its interim results on Tuesday, faces tough economic conditions in SA. Although revenue edged higher and operating profit increased by 6%, this has not translated into earnings. Headline earnings per share (HEPS) were down almost 17%. CEO Danie Pretorius spoke to Business Day TV about the results and the tough trading environment it has had to face.

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