Khee San publishes 2026 annual report
Bitget2026/10/23 10:07- Khee San completed its restructuring on March 17, 2026, eliminating borrowings and restoring positive shareholders' equity.
- Export demand drove sales growth in the year ended June 30, 2026; domestic sales rose modestly.
- Profit growth largely reflected one-time debt waivers; production efficiency improvements supported stronger gross margins.
- Production upgrades increased output, reduced waste and lowered reliance on labor.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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