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June 30, 2015 4:15 PM ET

Trading Companies and Distributors

Company Overview of KS Energy Limited

Company Overview

KS Energy Limited, an investment holding company, operates as an integrated oilfield supply and services provider to the oil and gas, marine, and petrochemical industries worldwide. It operates through three segments: Drilling, Engineering, and Distribution. The company offers capital equipment charter, drilling and rig management, and specialized engineering and fabrication services to the oil and gas industry, as well as engineering design and project management services, and other oil and gas related services. It also supplies high-grade components and accessories, and instrumentation and process flow solutions; capital equipment, such as offshore piling hammers and cranes; high-grade ind...

19 Jurong Port Road

Singapore,  619093

Singapore

Founded in 1974

Phone:

65 6577 4600

Fax:

65 6577 4618

Key Executives for KS Energy Limited

KS Energy Limited does not have any Key Executives recorded.

KS Energy Limited Key Developments

KS Energy Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

KS Energy Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced revenue of SGD 35,091,000 compared to SGD 45,977,000 for the same period a year ago. Loss before income tax was SGD 9,840,000 compared to profit before tax of SGD 3,277,000 for the same period a year ago. Loss for the period was SGD 9,912,000 compared to profit for the period of SGD 1,194,000 for the same period a year ago. Loss attributable to owners of the company was SGD 8,488,000 compared to profit attributable to the company of SGD 205,000 for the same period a year ago. Cash flows from operating activities were SGD 23,674,000 compared to SGD 1,946,000 for the same period a year ago. Payments for purchase of plant and equipment were SGD 4,106,000 compared to SGD 18,026,000 for the same period a year ago. Payments for purchase of intangible assets were SGD 60,000 compared to SGD 12,000 for the same period a year ago. Consolidated revenue decreased mainly due to lower revenue from the Drilling business.

KS Energy Limited Appoints Soh Gim Teik as Non-Executive Independent Director and Member of the Audit and Risk Management Committee, Effective May 1, 2015

KS Energy Limited announced the appointment of Soh Gim Teik as non-executive independent director and member of the audit and risk management committee, effective May 1, 2015. He is a member of the Institute of Singapore Chartered Accountants (ISCA) and a Fellow of the Singapore Institute of Directors (SID). He was a past Chairman of the CFO Committee of ISCA and was previously a committee member of the Professional Accountants in Business Committee in the International Federation of Accountants (IFAC). Currently, he is a board member of the SID and serves as a member of its Governing Council. Currently serving as an independent director on the boards of several SGX listed companies, he had previously held directorship appointments in a Hong Kong listed company as well as in various other private companies in Singapore, Malaysia, Thailand, Taiwan, PRC and India. Additionally, he is also a director and finance committee chairperson in a number of charitable and non-profit organizations.

KS Energy Limited Approves Adoption of the New Articles of Association

The Board of Directors of KS Energy Limited announced that at the EGM of the company held on 29 April 2015, the Special Resolution has been approved relating to the adoption of the new Articles of Association of the company.

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