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Capital Drilling optimistic of another good year as it grows presence in West Africa

Capital Drilling Ltd's (LON:CAPD) executive chairman Jamie Boyton tells Proactive London he's anticipating revenue for the mining contractor of between US$110mln and US$120mln for 2019.

The company finished 2018 with net cash of US$10.9mln, up 122% on 2017, and announced a 25% increase to the final dividend to 1.5 US cents per share.

Boyton describes the period as one of significant progress with record net cash generated from its assets, a further strengthening of the balance sheet, as well as 'key strategic growth' into West Africa.

Quick facts: Capital Limited

Price: 60.25001 GBX

Market: LSE
Market Cap: £82.53 m

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Capital Drilling confident of continued activity from producing mining sites

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on 19/3/20

2 min read