Foraco International SA has announced its first quarter 2024 results. Tim Bremner, CEO of Foraco, reflected on the quarter, stating, “Q1 2024 stands out as the second-best quarter of the last decade even through the activity level was slightly below that of Q1 2023 when most contracts were remobilized particularly early. Unfavorable exchange rates also impacted Q1 2024. However, the quarter ended on a strong note with a robust rebound in activity levels, smooth operations, and the successful completion of our withdrawal from Russia . We are optimistic as several clients have already initiated discussions to extend their long-term contracts.”

Foraco International SA, a client of our Bristol Investor Relations agency, is a leading global provider of mineral and water drilling services.

Read the full press release here: Foraco International reports Q1 2024