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KS Energy sees 3Q losses widen to 31% to $27 mil

PC Lee
PC Lee11/14/2016 07:38 PM GMT+08  • 1 min read
KS Energy sees 3Q losses widen to 31% to $27 mil
SINGAPORE (Nov 14): KS Energy saw 3Q losses widen to 30.5% to $26.5 million from a year ago on lower revenue.
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SINGAPORE (Nov 14): KS Energy saw 3Q losses widen to 30.5% to $26.5 million from a year ago on lower revenue.

This brings 9M losses to $81.6 million, 13.7% higher than a year ago.

Revenue fell 56.5% to $10.1 million mainly due to the drilling business which decreased 62.5% to $7.4 million following the completion of some charter contracts. Revenue from the engineering business also decreased 27.7% to $2.7 million.

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