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Mitchell Services Limited ( (AU:MSV) ) just unveiled an announcement.
Mitchell Services Limited reported a quarterly revenue of $46.7 million and EBITDA of $5.6 million, with operating cash flow at $4.8 million. The company is in a transition phase as it prepares for new projects in the PNG market and Loop Decarbonisation Solutions, despite facing temporary reductions in rig utilization and increased mobilization costs. The company expects a post-tax loss for the first half of FY25 but is optimistic about its strategic position and upcoming opportunities.
More about Mitchell Services Limited
Mitchell Services Limited operates in the drilling services industry, focusing on providing advanced drilling solutions. The company is involved in the PNG market and offers services including SIS (surface to inseam) drilling, targeting technical and challenging drilling projects.
YTD Price Performance: -1.47%
Average Trading Volume: 190,343
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$71.34M
See more data about MSV stock on TipRanks’ Stock Analysis page.
