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Velesto Energy Bhd Company Snapshot
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 of CHINA (2020 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] ), and Aban Offshore Limited which is based in INDIA (9.74 billion Indian Rupees [US$133.05 million] of which 100% was Off shore drilling services).

Sales Analysis. 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) for the year ending December of 2020. This represents a 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) and Others (up 56.1% to 835,000.00 Malaysian Ringgits) .
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Velesto Energy Bhd
  Stock Performance Chart for Velesto Energy Bhd
  Stock Data: Recent Stock Performance:
  Current Price (6/11/2021): .15
(Figures in Malaysian Ringgits)
1 Week -3.2%   13 Weeks 3.4%  
4 Weeks -18.9%   52 Weeks -6.3%  
Velesto Energy Bhd Key Data:
  Ticker: VELESTO Country: Malaysia
  Exchanges: KUL Major Industry: Energy
    Sub Industry: Drilling Oil & Gas Wells
  2020 Sales 546,936,000
(Year Ending Jan 2021).
Employees: 660
  Currency: Malaysian Ringgits Market Cap: 1,232,340,000
  Fiscal Yr Ends: December Shares Outstanding: 8,215,600,000
  Share Type: Ordinary Closely Held Shares: 5,384,077,813
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