JAKARTA (Yosefardi) – Oil and gas services company PT Apexindo Pratama Duta Tbk (APEX) booked net profit of US$36.48 million in first nine months of 2013, jumped 140% from US$15.37 million in the same period of 2012.
Revenue grew by 28% to US$193 million from previous US$151.7 million. Direct cost also rose to US$122 million, then gross profit was US$70.96 million.
Its assets totaled US$760 million while liability amounted US$490.69 million. On October 28, 2013, APEX entered into US$400 million term loan facility and US$45 million bank guaranttee facility agreement with Standard Chartered Bank, JP Morgan Chase Bank NA (Singapore branch) and Raiffeisen Bank International AG (Labuan branch) as arrangers and as original lenders.
PT Paramitra Alfa Securities facilitated the selling of 2.27 billion APEX shares, representing 85.6% of its enlarged capital, at price of Rp2,100 per share, or Rp 4.62 trillion in total, made through negotiated market at the Indonesia Stock Exchange (IDX) on December 27, 2013.
APEX had recently announced that it has, through refinancing, settled its debt of US$395 million, equivalent Rp4.7 trillion.