Capital Limited Reports H1 Growth Amidst Challenges

Capital Drilling (GB:CAPD) has released an update.

Capital Limited, a prominent mining services firm, reports a 9.8% increase in H1 2024 revenue to $169.4 million compared to H1 2023, despite experiencing a 29.8% drop in Net Profit After Tax (NPAT) and facing challenges in ramping up key growth areas. The company is transitioning with expansions into North America and improving client diversity, and remains hopeful for achieving lower-end targeted EBITDA margins of 25-30%. Additionally, Capital Limited announces an interim dividend of 1.3 cents per share, reflecting their commitment to shareholder value.

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