AUSTRALIA

Oil and gas relieves Imdex sting

DOWNHOLE services company Imdex Limited has dodged a bullet from the decrease in mining activity with a pick-up in its oil and gas business.

Bianca Bartucciotto

The group's net profit after tax was down 58% in year-on-year results, taking in $US19.4 million ($A21 million). Imdex managing director Bernie Ridgeway said the nature of the mining industry had impacted...

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