Unveiling Velesto's Q2 Surprises: What Everyone Missed in Oil & Gas
A Glimpse into Velesto's Quarter and What Lies Ahead
Velesto's 2Q23 Report and Industry Overview
In 2Q23, Velesto posted a core net profit of RM17.4m, marking a 22% increase QoQ. However, YoY figures showed a decline of RM43.2m. These figures fall short of expectations, accounting for 37% of the consensus full-year forecasts, respectively. The major deviation from our projections is largely due to slimmer …
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