Velesto Energy Berhad (5243.KL)

MYR 0.16

(3.33%)

Market Cap (In MYR)

1.27 Billion

Revenue (In MYR)

1.21 Billion

Net Income (In MYR)

99.52 Million

Avg. Volume

52.73 Million

Currency
MYR
Country
Energy
Open
-
Prev. Close
-
Day Range
-
Year Range
0.145-0.315
PE
-
EPS
-
Beta Value
1.092
ISIN
MYL5243OO000
CUSIP
-
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Energy
Industry
Oil & Gas Drilling
CEO
Mr. Megat Zariman Bin Abdul Rahim
Employee Count
-
Website
https://velesto.com
Ipo Date
2013-11-01
Details
Velesto Energy Berhad, an investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally. It offers drilling services for exploration, development, and production wells; workover services to the upstream sector of the oil and gas industry; and threading, inspection, and repair services for oil country tubular goods. The company also owns and operates drilling rigs, which are chartered out to oil majors for their exploration, development, and production activities; and hydraulic workover units for the removal and replacement of well equipment to restore the operation of suspended or under-performing wells. In addition, it provides treasury management services; and engineering services for oil and gas exploration, development, and production, as well as leases rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.