Drilling services company Master Drilling expects its earnings per share (EPS) and headline earnings per share (HEPS), in dollar terms, for the year to December 31, to be more than 400% higher than the EPS of $0.022 and HEPS of $0.026 reported for the 2020 financial year.
In rand terms, EPS and HEPS are expected to be more than 350% higher than the EPS of 36.3c and HEPS of 42.6c reported for the prior financial year.
Master Drilling notes that the Covid-19 pandemic had a material negative effect on the company’s operations in over 23 countries in 2020.
"Although this continued into 2021, operating conditions have improved significantly in 2021, contributing to the improved results," it states.
The company's results will be published on March 22.