Velesto signals weak demand for oil drilling services after Q2 losses


KUALA LUMPUR: Velesto Energy Bhd made a loss in the second quarter on lower performance in both its drilling and oilfield services segment, while the company had to incur additional expenses due to the Covid-19 pandemic.

The company posted a net loss of RM15.2mil in the three-month ended June 30.

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Velesto Energy , crude oil

   

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