Proactive Investors - Run By Investors For Investors

Nabors and Kuwait acquisitions gives ADES International a boost in its third quarter

Alex Brooks, analyst at Canaccord Genuity Limited, discusses rig operator ADES International PLC's (LON:ADES) Q3 update.

Utilisation rates rose to 83% helped also by the acquisition of three jack-up rigs from Nabors.

Revenues, meanwhile, rose 23% quarter -on- quarter to US$47mln with a 52% increase over the same period a year ago.

For the nine months of the year so far, revenues have risen by 7% to US$127mln.

 
Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full ADES profile View Profile

ADES International Holding PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use