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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