Capital Drilling (LSE: CAPD) this morning provided its Q4/2019 trading update and its unaudited FY/2019 consolidated trading update. Capital achieved full year revenues of US$114.8 million, at the mid-point of US$110-120 million guidance. Revenues for the quarter were broadly in line with our expectations. Lower ARPOR due to greater proportion of exploration contracts and single-shift operations was offset by higher utilisation rates. Using this updated revenue figure, we now estimate EBITDA
16 Jan 2020
Q4/2019 Trading Update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q4/2019 Trading Update
Capital Limited (CAPD:LON) | 90.8 2.7 3.4% | Mkt Cap: 175.9m
- Published:
16 Jan 2020 -
Author:
David Baker -
Pages:
3
Capital Drilling (LSE: CAPD) this morning provided its Q4/2019 trading update and its unaudited FY/2019 consolidated trading update. Capital achieved full year revenues of US$114.8 million, at the mid-point of US$110-120 million guidance. Revenues for the quarter were broadly in line with our expectations. Lower ARPOR due to greater proportion of exploration contracts and single-shift operations was offset by higher utilisation rates. Using this updated revenue figure, we now estimate EBITDA