Capital Drilling Limited revenue for Q3 2019 decline by 5.2%

  • Oct 15, 2019 BST
  • Team Kalkine
  • Capital Drilling Limited (CAPD) has announced its Q3 2019 trading update for the period to 30 September 2019.
  • The company’s revenue for the reported quarter was down by 5.2 per cent in the reported quarter to US$ 29.4 million as compared to US$31.0 million in Q3 2018.
  • Due to a temporary reduction in drilling activities at Acacia's North Mara Gold Mine, Q3 ARPOR was down 12.1 per cent at US$174,000 as compared to US$198,000 of Q3 2018.
  • On 15th October 2019, at the time of writing, GMT 08:33 AM, CAPD shares were trading at GBX 63.00, down by 0.50 points or 0.79% against the previous day closing price.

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