Velesto posts higher 3Q net profit of RM50.16mil on higher rig utilisation

KUALA LUMPUR: Drilling and oilfield services firm Velesto Bhd recorded a higher profit in the third quarter ended Sept 30, 2025, on the back of higher rig utilisation and lower finance cost and depreciation.

"Our performance this quarter reflects Velesto’s continued focus on maximising rig utilisation and