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    Drilling company announces positive profit results, plans to buy back shares

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    Specialist drilling company Ddh1 (ASX:DDH) has announced unaudited statutory revenue up 41 percent from the prior corresponding period to $415.5 million.

    The company also said it plans to launch a share buy-back program of up to 34,280,468 shares.

    Shares of DDH surged just over 16% following the announcement.

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