Investor deep dive
ADES International sees significant growth potential as backlog and end markets improve
Nabors and Kuwait acquisitions gives ADES International a boost in its third quarter
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.
Quick facts: ADES International Holding PLC
Market Cap: $560.56 m
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