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Velesto Energy Berhad (Malaysia)

Main Activities: Support Activities for Mining
Full name: Velesto Energy Berhad Profile Updated: November 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Velesto Energy Berhad is a Malaysia-based multinational company that specializes in providing drilling services for the upstream sector of the oil and gas industry. The company operates in various parts of Southeast Asia, offering drilling services for exploration, development, and production wells using their fleet of offshore drilling rigs. Additionally, Velesto Energy Berhad provides workover services through their fleet of hydraulic workover units (HWUs). The company owns six premium jack-up drilling rigs and four HWUs, which are designed to meet the industry's demands. Velesto Energy Berhad's offshore drilling rigs and workover units enable them to deliver high-quality services and establish a strong international presence. They also offer threading, repair, and inspection services for Oil Country Tubular Goods (OCTG), with a focus on premium connections used in high-end and complex wells.

Headquarters
Level 18, Block 3A, Plaza Sentral, Jalan Stesen Sentral 5
Kuala Lumpur; Federal Territories; Postal Code: 50470

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Website: http://www.velesto.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2009
Key Executives
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Chairman
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President
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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34.21%
Subsidiaries
Sumber Ribu Sdn Bhd
100%
Sumber Wang (L) Ltd
100%
Velesto Malaysian Ventures Sdn. Bhd.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
29.2%
Total operating revenue
29.46%
Operating profit (EBIT)
172.08%
EBITDA
87.81%
Net Profit (Loss) for the Period
246.63%
Total assets
1.21%
Total equity
9.81%
Operating Profit Margin (ROS)
11.69%
Net Profit Margin
9.4%
Return on Equity (ROE)
2.86%
Debt to Equity Ratio
-8.33%
Quick Ratio
0.71%
Cash Ratio
0.25%

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