KUALA LUMPUR: Velesto Energy Bhd
's net profit for the second quarter ended June 30, 2024, surged to RM62.81 million from RM17.40 million last year.
The revenue for the quarter under review rose to RM393.43 million from RM279.31 million previously, driven by higher utilisation and average daily charter rates for jack-up rigs under drilling services, as well as higher progress for the i-RDC project under integrated project management.
For the first six months, Velesto’s net profit surged to RM109.62 million from RM31.62 million, with revenue rising to RM732 million from RM566.56 million.
"The board has declared an interim dividend of 0.25 sen per share, amounting to RM20.53 million, payable on Nov 28, 2024,” the company said in a Bursa Malaysia filing today.
