Business
Trading Update
Trading Update.
About this update from Capital Limited
[{"type":"text","content":"\n \nRNS Number : 0335U Capital Drilling Limited 10 July 2018 \n\n \n \nCapital Drilling Limited\n(\"Capital Drilling\", the \"Group\" or the \"Company\")\n \nH1 Trading Update\n \nCapital Drilling, a leading drilling solutions company focused on the African markets, today provides its trading update for the period 1 January to 30 June 2018. The Company will announce its half year results and provide further operational updates on 16 August 2018.\n \nFirst Half (H1) 2018 Key Metrics\n\n\n\n\n\n\n\nH1 2018\n\n\nH1 2017\n\n\nH2 2017\n\n\n% change from H1 2017\n\n\n% change from H2 2017\n\n\n\n\nRevenue ($million)\n\n\n54.5 \n\n\n62.3\n\n\n57.1\n\n\n-12.5%\n\n\n-4.6%\n\n\n\n\nARPOR ($)\n\n\n200,000 \n\n\n191,000\n\n\n198,000\n\n\n4.7%\n\n\n1.0%\n\n\n\n\nAverage utilised rigs\n\n\n43 \n\n\n52\n\n\n46\n\n\n-17.3%\n\n\n-6.5%\n\n\n\n\nFleet Utilisation (%)\n\n\n46% \n\n\n56%\n\n\n49%\n\n\n-17.9%\n\n\n-6.1%\n\n\n\n\nAverage Fleet\n\n\n94 \n\n\n93\n\n\n93\n\n\n1.1%\n\n\n1.1%\n\n\n\n\nClosing fleet size\n\n\n95 \n\n\n93\n\n\n93\n\n\n2.2%\n\n\n2.2%\n\n\n\n\n \n \nSecond Quarter (Q2) 2018 Key Metrics \n\n\n\n\n\n\n\nQ2 2018\n\n\nQ2 2017\n\n\nQ1 2018\n\n\n% change from Q2 2017\n\n\n% change from Q1 2018\n\n\n\n\nRevenue ($million)\n\n\n27.8 \n\n\n30.7\n\n\n26.6\n\n\n-9.4%\n\n\n4.5%\n\n\n\n\nARPOR ($)\n\n\n195,000 \n\n\n186,000\n\n\n205,000\n\n\n4.8%\n\n\n-4.9%\n\n\n\n\nAverage utilised rigs\n\n\n45 \n\n\n53\n\n\n41\n\n\n-15.1%\n\n\n9.8%\n\n\n\n\nFleet Utilisation (%)\n\n\n48% \n\n\n57%\n\n\n44%\n\n\n-15.8%\n\n\n9.1%\n\n\n\n\nAverage Fleet\n\n\n94 \n\n\n94\n\n\n93\n\n\n0%\n\n\n1.1%\n\n\n\n\nClosing fleet size\n\n\n95 \n\n\n93\n\n\n93\n\n\n2.2%\n\n\n2.2%\n\n\n\n\n \n \n \nFinancial Highlights\n \n· Revenue Q2 2018 ($27.8 million) up 4.5% on Q1 2018 ($26.6 million) due to improved fleet utilisation of the Group's exploration rigs\n· Revenue H1 2018 $54.5 million, representing a decrease of 4.6% on H2 2017 ($57.1 million) and 12.5% on H1 2017 ($62.3 million) \n· H1 2018 ARPOR up 1.0% ($200,000) on H2 2017 ($198,000), a continued solid performance\n· Paid a...