May 31, 2016 6:17 AM 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 Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2016

KS Energy Limited reported unaudited Group earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of SGD 8,849,000 compared to SGD 35,091,000 a year ago. results from operating activities was SGD 18,027,000 compared to SGD 9,706,000 a year ago. Loss before income tax was SGD 27,977,000 compared to SGD 9,840,000 a year ago. Loss for the period was SGD 28,213,000 compared to SGD 9,912,000 a year ago. Loss attributable to the owners of the company was SGD 23,734,000 compared to SGD 8,488,000 a year ago. Net cash flow from operating activities was SGD 2,451,000 compared to SGD 23,674,000 a year ago. Payments for purchase of plant and equipment was SGD 449,000 compared to SGD 4,106,000 a year ago. Basic and diluted loss per share was 4.60 cents compared to 1.65 cents a year ago.

KS Drilling Pte Ltd Enters into Agreement with COSCO Shipyard

The Board of Directors of KS Energy Limited announced on 26 May 2011, the circular to shareholders dated 16 September 2011 in relation to the New Build Contracts with COSCO Nantong Shipyard Co. Ltd., and the announcement dated 10 July 2015. The Board announced that the KS Drilling Pte Ltd. has entered into a further amendment agreement dated 5 May 2016 with COSCO Shipyard in relation to the New Build Contract for the New Rig with builder's hull number N408.

Nera Seeks To Divest KS Energy

Nera Telecommunications Ltd (SGX:N01) is close to divesting its KS Energy Limited has appointed Oversea-Chinese Banking Corporation Limited to advise on the sale of its distribution unit. Nera Telecoms to divest payments solution unit is in advanced stages of discussions for a possible sale of its payment solutions business, through no binding agreement has been reached. As such, there is no assurance of a deal. KS Energy has taken no decision on the sale of the distribution business, which maintains operations in Singapore, Indonesia, China, Vietnam, Qatar, Malaysia and Thailand. However, should a sale occurs, KS Energy will retain its drilling and drilling rig management and engineering and fabrication services businesses.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 21, 2015
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