VELESTO-5243

VELESTO ENERGY BERHAD

Last Price: 0.175

TTM Dividend Yield : 0%

Coming Quarter Report: ~ 2021-02-25

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Sector: Oil & Gas

Velesto Energy Berhad, formerly UMW Oil & Gas Corporation Berhad, is a Malaysia-based investment holding company. The Company is engaged in providing corporate management, administrative and professional services, as well as financial support to its subsidiary companies. Its segments include drilling services, oilfield services and others. Its drilling services segment provides drilling services and workover rig services to the upstream oil and gas sector. The oilfield services segment provides oil country tubular goods (OCTG) threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services. The drilling services segment owns and operates several drilling rigs and hydraulic workover units (HWUs), and acts as an agent for two providers of specialized equipment and service. The rigs are chartered out to oil companies for their exploration, development and production activities.

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Dividend

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Profit

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Cash Flow

Cash Flow

In financial accounting, operating cash flow (OCF), cash flow provided by operations, cash flow from operating activities (CFO) or free cash flow from operations (FCFO), refers to the amount of cash a company generates from the  revenues it brings in, excluding  costs associated with long – term  investment  on capital items or investment in securities.(From Wiki)

VELESTO Annual Cash Flow



			

0 Comments

  1. Velesto Energy Bhd is a Malaysia based company which provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company has a geographical presence in Malaysia, Indonesia, and Singapore.

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