KS Energy reports annual profit
4 March 2013, Oil, Gas
Group revenue for the year ended December 31, 2012 was SGD698.13 million, compared to SGD492.74 million for the year ended December 31, 2011.
Gross profit after direct depreciation for the year ended December 31, 2012 was SGD129.85 million, compared to SGD109.32 million for the year ended December 31, 2011.
Total assets of the group as of December 31, 2012 were SGD941.84 million, compared to SGD919.28 million, as of December 31, 2011.
Kris Wiluan, chairman and CEO of KS Energy, said: "I am pleased that our performance has improved and the actions that management has taken are beginning to reflect in our results."
Source: MarketLine
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