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Ausdrill feels the mining slowdown

Ausdrill has reported a net profit of $48.1 million in the six months to December, a 12 per cent fall from the previous reporting period, on the back of a slowdown in the mining sector.

The mining services group declared a fully franked interim dividend of 6.5 cents per share.

Ausdrill's managing director Ron Sayers said his company's strategic acquistions and business building had created a comprehensive service portfolio that helped it maintain operating profitability despite the slowdown.

"Out diversity and in particular the continued strong growth from Africa places Ausdrill in good stead as the mining sector resumes activity in 2013," Mr Sayers said.

Ausdrill also reported revenue of $580 million for the first-half of the financial year, a rise of 13.4 per cent from the same period the year before.