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September 04, 2015 10:00 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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

KS Energy Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of SGD 20,808,000, loss before tax of SGD 30,118,000, loss attributable to owners of the company of SGD 25,217,000 or 4.92 cents per basic and diluted share compared to the revenue of SGD 59,759,000, profit before tax of SGD 61,201,000, profit attributable to owners of the company of SGD 46,739,000 or 9.11 cents per basic and diluted share for the same quarter a year ago. The loss after tax for the second quarter of 2015 was mainly due to lower revenue from the drilling business following the completion of charter contracts. For the six months, the company reported revenue of SGD 55,899,000, loss before tax of SGD 39,958,000, loss attributable to owners of the company of SGD 33,706,000 or 6.57 cents per basic and diluted share, cash flow from operating activities of SGD 14,609,000, payments for purchase of plant and equipment of SGD 4,715,000 compared to the revenue of SGD 105,736,000, profit before tax of SGD 64,477,000, profit attributable to owners of the company of SGD 46,944,000 or 9.15 cents per basic and diluted share, cash flow from operating activities of SGD 30,744,000, payments for purchase of plant and equipment of SGD 252,794,000 for the same quarter a year ago. Net asset value per ordinary share based on existing issued share capital as at the end of the period reported on was 66.9 cents compared to 72.3 cents a year ago. The decrease in revenue was mainly due to the lower revenue from the Drilling business following the completion of charter contracts in first quarter of 2015. The loss after tax for the six months of 2015 was mainly due to lower revenue from the Drilling business following the completion of charter contracts.

KS Energy Limited Announces Executive Changes

The Board of Directors of KS Energy Limited announced the resignations of Ms. Tan San-Ju and Ms. Yeo Poh Noi Caroline as Secretaries of the company with effect from July 29, 2015 and July 31, 2015 respectively. The Board also announced the appointments of Ms. Kim Yi Hwa and Ms. Susie Low Geok Eng as Secretaries of the company in place of Ms. Tan San-Ju and Ms. Yeo Poh Noi Caroline, with effect from July 31, 2015.

KS Energy Limited Announces Termination of Jack-Up Drilling Rig Contract

The Board of Directors of KS Energy Limited referred to the announcement dated March 6, 2015 in relation to the award of a contract for the "KS Java Star" jack-up drilling rig with an expected value of approximately USD 7.2 million. The company announced that following various meetings with the client, and their request for deferring the start date of the contract, the client decided to terminate the contract as parties were unable to agree on a new start date.

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