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
Founded in 1974
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
Apr 30 15
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 Announces Striking Off Joint Venture with Sinwa Limited
Apr 8 15
The board of directors of KS Energy Limited announced that an application has been submitted to the Accounting and Corporate Regulatory Authority on 8 April 2015 to strike off a joint venture company, Yakki International Pte. Ltd., pursuant to Section 344 of the Companies Act, Cap 50. Yakki, which was incorporated in Singapore on 8 December 2006, is 50%-owned by KS Energy with the remaining 50% interest owned by Sinwa Limited. Yakki has been dormant since 1 April 2013 and both its shareholders do not intend to recommence its business activities. The announced striking off of Yakki is not expected to have any material impact on the net tangible assets or earnings per share of KS Energy for the financial year ending 31 December 2015.
KS Energy Limited Announces Audited Consolidated and Company Earnings Results for the Year Ended December 31, 2014
Apr 6 15
KS Energy Limited announced audited consolidated and company earnings results for the year ended December 31, 2014. For the period, the consolidated company reported revenue was SGD 227,330,000 against SGD 161,770,000 a year ago. EBIT was SGD 68,090,000 against SGD 18,864,000 a year ago. Profit before tax was SGD 48,930,000 against SGD 4,657,000 a year ago. Profit attributable to owners of the company was SGD 30,128,000 against SGD 23,000 a year ago. Basic earnings and diluted earnings per share was 5.87 cents against less than 0.01 cent a year ago. EBITDA was SGD 136,938,000 against SGD 57,260,000 a year ago. Net cash from operating activities was SGD 53,864,000 against SGD 41,395,000 a year ago. Payments for purchase of plant and equipment were SGD 288,724,000 against SGD 97,627,000 a year ago. Payments for purchase of intangible assets were SGD 170,000 against SGD 95,000 a year ago. Net assets value per share was 72.3 cents per share against 64.1 cents per share a year ago. Net debt was SGD 335,544,000 for the year ended December 31, 2014.
For the period, the company reported loss attributable to owners of the company was SGD 11,297,000 or 2.20 cents per share for the year ended December 31, 2014.