JAKARTA (Yosefardi) – Shipping and logistic firm PT Logindo Samudramakmur Tbk (LEAD) booked net profit of US$11.98 million in first half of this year, grew by 20% from US$7.21 million in the same period of last year.
Revenues increased 50% to US$36.6 million from previous US$24.99 million. Cost of revenues also rose 41.7% to US$17.44 million from earlier US$12.23 million.
Its assets totaled US$271.2 million while liability amounted US$148.85 million. It has cash and cash equivalent of US$6.37 million. LEAD plans to buy 12-15 units of new vessels until 2015, to invest US$240 million on vessels expansion.