Capital have released their Q2 operating results. Overall results have improved QoQ, being driven by improved Drilling and MSALABS revenues, while Mining is tracking expectations. Drilling is notably delivering an increasing ARPOR YoY and QoQ of 15.3% and 4.5% (see fig 2 below). The increase is a result of the ramp up of high quality contracts executed last year, and increased focus on efficiency at existing sites. We see momentum building for a strong H2, driven by Nevada Gold Mines Contract ra ....

18 Jul 2024
Q2 Operating Results, Momentum Building for Strong H2

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Q2 Operating Results, Momentum Building for Strong H2
Capital Limited (CAPD:LON) | 122 4.9 3.3% | Mkt Cap: 240.0m
- Published:
18 Jul 2024 -
Author:
David Butler -
Pages:
4 -
Capital have released their Q2 operating results. Overall results have improved QoQ, being driven by improved Drilling and MSALABS revenues, while Mining is tracking expectations. Drilling is notably delivering an increasing ARPOR YoY and QoQ of 15.3% and 4.5% (see fig 2 below). The increase is a result of the ramp up of high quality contracts executed last year, and increased focus on efficiency at existing sites. We see momentum building for a strong H2, driven by Nevada Gold Mines Contract ra ....