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Rex International Holding Ltd. ( (SG:5WH) ) just unveiled an announcement.
Rex International Holding Ltd. reported its use of funds for the first quarter of FY2025, highlighting significant investments in exploration and production activities in Oman, Norway, Benin, and Germany. The company spent a total of US$66.67 million, with notable expenditures in Norway due to increased production costs and exploration activities. The actual spending was lower than projected in Oman and Norway due to reduced infrastructure and logistics costs and postponed maintenance and drilling activities.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is a company incorporated in Singapore, operating in the mineral, oil, and gas industry. The company, along with its subsidiaries, focuses on exploration and production activities across various regions including Oman, Norway, Benin, and Germany.
Average Trading Volume: 30,110,970
Technical Sentiment Signal: Sell
Current Market Cap: S$158.9M
Find detailed analytics on 5WH stock on TipRanks’ Stock Analysis page.