Velesto said the oilfield services segment contributed a revenue of RM2.2mil during the quarter under review.
PETALING JAYA: Velesto Energy Bhd
has posted a net loss of RM22.22mil in its first quarter ended March 31 compared with a net profit of RM5.02mil in the previous corresponding period, mainly due to a net foreign-exchange (forex) gain of RM18.2mil a year earlier that resulted from the early settlement of revolving credit.
In a filing with Bursa Malaysia yesterday, the company said revenue in the quarter grew to RM127.03mil from RM121.76mil in the previous corresponding period.
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