JAKARTA (Yosefardi) – PT Wintermar Offshore Marines Services Tbk (WINS), one of substantial players in the offshore support vessels (OSV) market in Indonesia, booked contracts of US$100 million as of May this year, lower than US$114 million in the same period of last year, due to delay in some offshore oil and gas projects.
WINS allocates US$65 million capital expenditure (capex) for purchasing 5 new vessels this year. In 2013, WINS purchased 12 new vessels at total value of US$90 million and sold 5 low tier vessels. Now the company’s operates 74 vessels.
WINS booked net profit of US$7.6 million in first quarter of this year on revenues of US$45.5 million. Compared to first quarter of last year, net profit grew by 30% while revenues rose 16%.