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Capital Drilling 2Q Revenue Up

10 Jul 2017 6:47 am

LONDON--Capital Drilling's Ltd. (CAPD.LN) revenue rose 26% to $30.7 million in the second quarter of 2017, which helped the company report the strongest first-half revenue since 2013, it said on Monday.

"While levels of tendering activity marginally declined in the second quarter, market conditions remain supportive," said Executive Chairman Jamie Boyton.

For the rest of the year, Mr. Boyton said the company will focus on starting operations at Tasiast and Syama.

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

July 10, 2017 02:47 ET (06:47 GMT)

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