Geodrill’s Q3 Revenue Boosted by Multi-Rig Contracts

Geodrill (TSE:GEO) has released an update.

Geodrill Limited has reported a 13% increase in revenue for Q3 2024, driven by lucrative long-term, multi-rig contracts in West Africa and new agreements in Chile and Peru. The company achieved a net income of $2.6 million, reversing a loss from the previous year, and continues to expand its operations with significant growth in Egypt and other regions.

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