Ausdrill Dips After Flagging $95M FY Hit

Ausdrill shares have taken a hit after the Perth-based mining company flagged it would cop a non-cash impairment of up to $95 million in its full-year results.

The drill and blast services provider did not detail the nature of the impairment, but told the ASX on Thursday afternoon the amount would come in between $75 million and $95 million, or between 2.8 per cent and 3.6 per cent of its total assets.

Shares in Ausdrill were trading 6.79 per cent lower at $1.305 by 1519 AEST, more than 50 per cent down on a near six-year high of $2.73 in March 2018.