Another Good Year of Diversified Growth with More to Come in 2024
CCapital have released their Q1 operating results. Overall, revenue has come in slightly lower than expected at $80.2m vs TamE of $85.9m but is largely tracking in line with our FY24 annual estimate and we note the company has maintained guidance. Drilling revenue for this quarter was impacted by a fall in utilisaztion rates as well as general remobilisation geographically but we expect a strong recovery throughout the year as k ....
18 Apr 2024
Q1 Operating Results
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Q1 Operating Results
Capital Limited (CAPD:LON) | 102 0 0.0% | Mkt Cap: 199.2m
- Published:
18 Apr 2024 -
Author:
David Butler -
Pages:
4
Another Good Year of Diversified Growth with More to Come in 2024
CCapital have released their Q1 operating results. Overall, revenue has come in slightly lower than expected at $80.2m vs TamE of $85.9m but is largely tracking in line with our FY24 annual estimate and we note the company has maintained guidance. Drilling revenue for this quarter was impacted by a fall in utilisaztion rates as well as general remobilisation geographically but we expect a strong recovery throughout the year as k ....