JAKARTA (Yosefardi) – PT Wintermar Offshore Marine Tbk (WINS) plans to issue 340 million new shares to undisclosed strategic investor (private placement), representing 8.78% of its enlarged capital.
The new shares are priced at Rp903 per share, to raise total proceeds of Rp307 Billion, used to fund its fleet expansion.
WINS recorded 30% growth in net profit to US$7.6 million for first quarter (Q1) of this year compared to US$5.8 million in Q1 2013 on 16% revenue growth.
By the end of Q1 2014, Total Assets rose to US$466million as compared to US$422 million as at end 2013. The carrying value of its fleet amounted to US$294 million.
At 31 March 2014, the total value of contracts in hand is US$ 152 million.