| Latest Forum Topics / KS Energy |
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KS Energy
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guoyanyunyan
Supreme |
18-May-2013 12:19
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KS ENERGY TURNS IN PROFITABLE 1Q FY2013
SINGAPORE, 15 May 2013 – Main board listed KS Energy Ltd (“KS Energy” or the “Group”) today announced net profit after tax of $1.8 million and revenue of $153.4 million for the quarter ended 31 March 2013. Both the Distribution and Drilling subsidiaries delivered improved performance this quarter. By revenue, the Distribution business remains the larger contributor accounting for about 78.5% of the group’s total revenue. The Drilling business contributed about 20.2% of the Group’s revenue and the balance comprises contributions from the Engineering business and the Corporate segment. Net profit after tax improved from a loss of $0.2 million in 1Q FY2012 to a profit of $1.8 million in this quarter due to a better result from the Drilling business. The Group’s balance sheet grew with net assets of $432.1 million compared to $419.2 million as at 31 December 2012. This is attributable to increases in cash, inventories, and property, plant and equipment lower trade and other payables and short term borrowings and higher long term trade and other payables and long term bank borrowings. At the close of the quarter, the Group has a balance of $77.6 million in cash and cash equivalents (31 December 2012: $60.7 million) and its net gearing stood at 0.71 times as at 31 March 2013 compared to 0.75 as at 31 December 2012. Commenting on the Group’s performance, Mr. Kris Wiluan, Chairman and CEO said: “Both our Distribution and Drilling subsidiaries delivered higher revenue contributions ultimately enabling us to return to profitability. With both subsidiaries now on track, we look forward to further enhancing our results. Going forward, the Distribution subsidiary continues to be a significant contributor to the Group’s performance. The Drilling subsidiary has secured new assets that commenced work in Indonesia recently. “ |
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shuncheng
Senior |
10-Apr-2013 09:58
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so seem like it will stay around 47 | ||||||||||||||||||||
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guoyanyunyan
Supreme |
09-Apr-2013 14:37
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...KS Energy has successfully defense and establish a strong support level @ $0.470... | ||||||||||||||||||||
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cheongsl
Master |
05-Apr-2013 21:18
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Undersubscribed seems like alot are really loss interest on the counter, as it performance is not good at all, excess application is due to alot of people hope to get away from the counter thus subscrip more so that they can sell all away with more money, as once the credit on 4 apr 2013, the volume surge and price drop significantly.
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cheongsl
Master |
05-Apr-2013 20:53
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Seems nothing much interesting, only that last year there is slight improvement in the income. |
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cheongsl
Master |
05-Apr-2013 20:33
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The rights was issue at $0.41, which is almost 1/2 the initial share price.
 
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cheongsl
Master |
05-Apr-2013 20:10
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will do some personal research on this counter.
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shuncheng
Senior |
05-Apr-2013 16:39
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anyone got news about this stock? | ||||||||||||||||||||
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cheongsl
Master |
03-Apr-2013 22:04
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Anyone vest in this counter, and have any information to share? As the recent Rights is over subscript, and also before the right issue, there is also picking up of share from the substantial share holder from the market. Seems that there is some anticipation of something. | ||||||||||||||||||||
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sgnewbie
Master |
16-Aug-2012 15:04
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http://sgxreports.blogspot.sg/2012/08/ks-energy.html | ||||||||||||||||||||
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sgnewbie
Master |
16-May-2012 15:24
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http://sgxreports.blogspot.com/2012/05/ks-energy.html | ||||||||||||||||||||
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j3r0m3
Veteran |
16-May-2012 10:49
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http://singaporetrader.wordpress.com/2012/05/16/ks-energy-preparing-funds-for-cb-redemption/ | ||||||||||||||||||||
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sgnewbie
Master |
01-Mar-2012 10:27
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OCBC on KS Energy http://sg-shares.blogspot.com/2012/03/ks-energy.html  |
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