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Capital Ltd report 'financial strength across the board' as rig utilisation rates increase to 79%

Capital Ltd report 'financial strength across the board' as rig utilisation rates increase to 79%

Capital Ltd's (LON:CAPD) Jamie Boyton caught up with Proactive London after reporting their strongest half-year in its history with revenues up by 52%.

Operating profits also more than doubled as gold drilling activity continues to increase.

And the interim dividend has been increased by a third to reflect the strength across all areas of the business.

Revenues for the six months to end June rose to US$98.7mln (US$65.1mln) while operating profits rose to US$20.1mlm from US$9.6mln. Pre-tax profits were US$24.3mln (US$19.1mln).

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