StockMarketWire.com - Oil services company Ades said its revenue jumped in the year to date thanks to 'significantly' improved utilization rates. For the nine months to 30 September, revenue rose 169% to $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 company said its backlog stood at $1.4bn as of 30 September, up from $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
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