Mining services group Ausdrill has posted a $175.6 million full year loss but believes the downturn in the resources sector may be close to its bottom.
The loss is larger than the $43.9 million loss a year ago, while operating profit, which excludes one-offs, was down 94 per cent to $2.1 million.
In a statement, Ausdrill said it believed the downturn in mining was at or close to its bottom but said the sector was in for a slow recovery.
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