Velesto Energy Bhd operates in the Drilling oil and gas wells sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Velesto Energy Bhd with three other
Oil and Gas Field Services in Asia:
XinJiang Beiken Energy Engineering Co Ltd
sales of 935.75 million Chinese Renmimbi [US$146.28 million]
of which 99%
was Oil Development),
Scomi Energy Services Bhd
(423.32 million Malaysian Ringgits [US$103.05 million]
Aban Offshore Limited
based in INDIA
(9.74 billion Indian Rupees [US$133.05 million]
of which 100%
was Off shore drilling services).
Sales levels dropped significantly in the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Velesto Energy Bhd totalled
43.93 million Malaysian Ringgits.
This is a drop of 75.1%
from the 176.27 million Malaysian Ringgits in sales at the company during the first quarter in 2020.
This was the largest quarterly drop in sales since the third
quarter of 2016.
Velesto Energy Bhd reported sales of 546.94 million Malaysian Ringgits (US$133.14 million)
December of 2020.
decrease of 18.5%
versus 2019, when the company's sales were 670.76 million Malaysian Ringgits.
Contributing to the drop in overall sales was the 18.9% decline
in Drilling Services, from 660.07 million Malaysian Ringgits to 535.62 million Malaysian Ringgits.
However, these declines were partially offset by the increase in sales of
Oilfield Services (up 3.2% to 10.48 million Malaysian Ringgits)
Others (up 56.1% to 835,000.00 Malaysian Ringgits)