KS Energy reports profit for Q3

KS Energy Limited, an integrated oilfield supply and services provider, has reported that profit attributable to owners of the company for the third quarter ended September 30, 2012 was SGD14,000, or 0 cents per share, compared to a loss attributable to owners of the company of SGD11.52 million, or 2.81 cents loss per share, for the third quarter ended September 30, 2011.

Revenue for the third quarter ended September 30, 2012 was SGD161.3 million, compared to SGD132.37 million for the third quarter ended September 30, 2011.

Profit attributable to owners of the company for the nine months ended September 30, 2012 was SGD391,000, or 0.1 cents per share, compared to a loss attributable to owners of the company of SGD25.28 million, or 6.16 cents loss per share, for the nine months ended September 30, 2011.

Revenue for the nine months ended September 30, 2012 was SGD433.09 million, compared to SGD369.03 million for the nine months ended September 30, 2011.