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Oil & gas drilling and production services Ades said revenue jumped in the year to date thanks to 'significantly' improved utilization rates.
For the nine months to 30 September 2019, revenue rose 169% to US$ 341.7m on-year and the utilization rate improved to 95% from 83%.
Revenue for the third quarter of 2019 grew 157% to $121.8m.
The backlog stood at US$ 1.4bn as of 30 September 2019, up from US$ 1.2bn seen at the end of last year.
'Thanks to optimal utilisation rates and the growing contribution of recently acquired rigs, we continue to deliver significant top-line growth. Our expectations for full year 2019 are unchanged,' the company said.
At 9:25am: (LON:ADES) ADES International Holding Ltd share price was +0.25p at 12.4p