Capital Limited (LSE:CAPD)'s (LSE:CAPD) Jamie Boyton joins Proactive London to talk about their increased revenue guidance for the second time this year after a strong third quarter for the Africa-focused mining service group.
As a result, it expects turnover to be in the order of US$220mln-US$225mln for 2021, up from previous guidance of US$200mln-US$210mlnm and US$185-US$195mln at the start of the year.
The upgrade followed a strong third quarter from the group. Revenue for the three months ended September 30 was a record US$61.6mln, up 12.6% quarter-on-quarter, or almost 75% year on year.