An update from Capital Drilling ( (GB:CAPD) ) is now available.
Capital Limited has announced a trading update for FY 2024, indicating an expected net profit after tax of $18-20 million, impacted by non-cash provisions related to VAT receivables and laboratory assets in Mali. The company anticipates FY 2025 revenue to be $300-320 million, with a focus on profitability in the USA and growth in MSALABS revenues. The resignation of CEO Peter Stokes has been announced, with Executive Chairman Jamie Boyton assuming interim responsibilities, as the company navigates profitability pressures and prepares for a recovery in 2026.
More about Capital Drilling
Capital Limited is a leading mining services company, primarily involved in drilling and mining operations. The company focuses on enhancing its core profitability, particularly in the USA, and is expanding its laboratory services through MSALABS, with strategic projects like the construction of a new laboratory at Nevada Gold Mines.
YTD Price Performance: -4.94%
Average Trading Volume: 223,348
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £151.1M
For a thorough assessment of CAPD stock, go to TipRanks’ Stock Analysis page.