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An announcement from AJ Lucas Group ( (AU:AJL) ) is now available.
AJ Lucas Group reported a quarterly revenue of $35.7 million, slightly down from the previous year, but showed improved EBITDA figures due to a settlement in the UK. The Australian operations benefited from reduced maintenance and weather disruptions, while the UK operations resolved a significant dispute, allowing the company to focus on conventional gas opportunities. The introduction of a new multi-purpose rig in Australia is expected to enhance service offerings and support future growth.
More about AJ Lucas Group
AJ Lucas Group Limited is a company operating in the drilling services industry, providing solutions for coal, coal seam gas, water markets, and carbon capture initiatives. The company is focused on enhancing its operational capabilities with advanced drilling technology and safety features.
Average Trading Volume: 1,761,083
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.01M
For a thorough assessment of AJL stock, go to TipRanks’ Stock Analysis page.