Business
Q3 Trading Update
Q3 Trading Update.
About this update from Capital Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 8618O\n Capital Limited\n 13 October 2021\n \n \n \n \n \n \n \n \n \n \n \n For Immediate Release \n \n \n \n \n \n 13 October \n \n \n 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Capital Limited\n \n \n (\"Capital\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Q3 Trading Update\n \n \n Capital (LSE: CAPD), a leading mining services company focused on the African markets, today\n \n provides its Q3 2021 trading update for the period to 30 September 2021.\n \n \n \n \n \n THIRD QUARTER (Q3) 2021 KEY METRICS\n \n \n \n \n \n \n \n \n \n Q3 2021\n \n \n \n \n Q3 2020\n \n \n \n \n Q2 2021\n \n \n \n \n % change from\n \n \n Q3 2020\n \n \n \n \n % change from\n \n \n Q2 2021\n \n \n \n \n \n \n Revenue (US$m)\n \n \n \n \n 61.6\n \n \n \n \n 35.3\n \n \n \n \n 54.7\n \n \n \n \n 74.5%\n \n \n \n \n 12.6%\n \n \n \n \n \n \n ARPOR*(US$)\n \n \n \n \n 182,000\n \n \n \n \n 171,000\n \n \n \n \n 180,000\n \n \n \n \n 6.4%\n \n \n \n \n 1.1%\n \n \n \n \n \n \n Average utilised rigs\n \n \n \n \n 81\n \n \n \n \n 60\n \n \n \n \n 81\n \n \n \n \n 35.0%\n \n \n \n \n 0.0%\n \n \n \n \n \n \n Fleet Utilisation (%)\n \n \n \n \n 76\n \n \n \n \n 61\n \n \n \n \n 79 \n \n \n \n \n 24.6%\n \n \n \n \n -3.8%\n \n \n \n \n \n \n Average Fleet\n \n \n \n \n 107\n \n \n \n \n 98\n \n \n \n \n 103 \n \n \n \n \n 9.2%\n \n \n \n \n 3.9%\n \n \n \n \n \n \n Closing fleet size\n \n \n \n \n 108\n \n \n \n \n 98\n \n \n \n \n 106\n \n \n \n \n 10.2%\n \n \n \n \n 1.9%\n \n \n \n \n \n \n * Average monthly revenue per operating rig\n \n \n \n \n \n \n \n \n \n \n \n Financial Highlights\n \n \n · \n Revenue of $61.6 million represents a new quarterly revenue record for the Group, up 12.6% on Q2 2021 ($54.7 million) and 74.5% up on Q3 2020 ($35.3 million);\n \n \n · \n Mine-site services continue to underpin revenue streams, contributing 90% of Group revenue;\n \n \n · \n Non-drilling revenue contribution of 26% to total revenue, up from 17% in Q2 and 12% in Q3 2020, driven by mining services and MSALABS;\n \n \n · \n Average monthly revenue per operating rig (\"ARPOR\") up marginally (1.1%) on Q2 2021 at \n US$182,000, but up 6.4% on Q3 2020 (US$171,000); \n \n \n · ...