JAKARTA (Yosefardi) – PT Buana Listya Tama Tbk (BULL), subsidiary of PT Berlian Laju Tanker Tbk (BLTA), booked revenue of US$33.72 million in first nine months of 2014, declined 6.9% from US$36.22 million in the same period of 2013.
Direct cost however fell 20% to US$25.44 million, then it booked gross profit of US$8.27 million, against US$4.28 million in a previous year.
As BULL only recorded gain of US$2.7 million in revaluation of vessels, it booked net profit of US$475,537 for the period.
In first nine months of 2013, BULL recorded gain of US$7.85 million in revaluation of vessels and it posted net profit of US$11.35 million.
BULL’s assets totaled US$252.19 million and liability amounted US$145.58 million. It has cash of US$2.88 million.