Capital Drilling took advantage of improved commodities markets to record an increase in 2017 revenues to US$119.4 million, a 19% increase from 2016 (US$93.3 million). Higher revenues and margins had a positive impact on underlying earnings, with group EBITDA in 2017 nearly doubling year on year to US$24.3 million from US$13.1 million.
16 Mar 2018
2017 Annual Results Released
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2017 Annual Results Released
Capital Limited (CAPD:LON) | 102 -0.5 (-0.5%) | Mkt Cap: 200.2m
- Published:
16 Mar 2018 -
Author:
David Butler -
Pages:
9
Capital Drilling took advantage of improved commodities markets to record an increase in 2017 revenues to US$119.4 million, a 19% increase from 2016 (US$93.3 million). Higher revenues and margins had a positive impact on underlying earnings, with group EBITDA in 2017 nearly doubling year on year to US$24.3 million from US$13.1 million.