Mitchell Services Shows Another Strong Quarter With Revenue of $33.5 million in FY20 Q1

  • Oct 23, 2019 AEDT
  • Team Kalkine

Mitchell Services Limited (ASX: MSV) records strong FY20 Q1 (ended 30 September 2019) performance with revenue of $33.5 million and operating cash flow of $5.7 million.

  • The company again observed strong quarterly performance across both operational and financial metrics with 55.3 operating rigs and EBITDA of $6.2 million.
  • The operating cash conversion ratio for the first quarter of FY20 stood at 92 per cent.
  • The shifts numbers marked a surge of 16 per cent during the quarter to stand at 6,427 as compared to the previous quarter.

 

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