Business
Q4 2020 Trading Update
Q4 2020 Trading Update.
About this update from Capital Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 6749L\n Capital Limited\n 14 January 2021\n \n \n \n \n \n \n \n \n For Immediate Release\n \n \n \n \n 14 January 2021\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 Q4 2020 Trading Update\n \n \n Capital (LSE: CAPD), a leading mining services company focused on the African markets, today provides its Q4 2020 trading update for the period ended 31 December 2020 (the \"Period\"), ahead of announcing its full year results on 18 March 2021.\n \n \n \n \n \n FOURTH QUARTER (Q4) AND FULL YEAR 2020* KEY METRICS\n \n \n \n \n \n \n \n \n \n Q4 2020\n \n \n \n \n Q3 2020\n \n \n \n \n % change from Q3 2020\n \n \n \n \n FY 2020*\n \n \n \n \n FY 2019\n \n \n \n \n % change from FY 2019\n \n \n \n \n \n \n Revenue ($m)\n \n \n \n \n 34.6\n \n \n \n \n 35.3\n \n \n \n \n -2%\n \n \n \n \n 135.0\n \n \n \n \n 114.8\n \n \n \n \n 18%\n \n \n \n \n \n \n ARPOR# ($)\n \n \n \n \n 172,000\n \n \n \n \n 171,000\n \n \n \n \n 1%\n \n \n \n \n 171,000\n \n \n \n \n 176,000\n \n \n \n \n -3%\n \n \n \n \n \n \n Average utilised rigs\n \n \n \n \n 56\n \n \n \n \n 60\n \n \n \n \n -7%\n \n \n \n \n 57\n \n \n \n \n 50\n \n \n \n \n 14%\n \n \n \n \n \n \n Fleet Utilisation (%)\n \n \n \n \n 59\n \n \n \n \n 61\n \n \n \n \n -3%\n \n \n \n \n 59\n \n \n \n \n 54\n \n \n \n \n 9%\n \n \n \n \n \n \n Average Fleet\n \n \n \n \n 95\n \n \n \n \n 98\n \n \n \n \n -3%\n \n \n \n \n 98\n \n \n \n \n 92\n \n \n \n \n 7%\n \n \n \n \n \n \n Closing fleet size\n \n \n \n \n 94\n \n \n \n \n 98\n \n \n \n \n -4%\n \n \n \n \n 94\n \n \n \n \n 95\n \n \n \n \n -1%\n \n \n \n \n \n \n All amounts are in USD unless otherwise stated\n \n \n \n \n # \n \n \n \n Average revenue per month per operating rig \n \n \n \n * Unaudited numbers\n \n \n \n \n \n Financial Highlights\n \n \n · \n Full year revenue $135.0 million, an increase of 18% on 2019 ($114.8 million) and in line with guidance; \n \n \n · \n Q4 2020 revenue of $34.6 million, up 13% on Q4 2019 ($30.7 million), and a marginal 2% decrease over Q3 2020 ($35.3 million);\n \n \n · \n Non-drilling revenue contribution of 16% of total revenue for Q4 2020, compared with Q3 2020 (12%), driven by MSALABS, mining services and maintenance services (Q4 2019: 12%);\n \n \n...