JAKARTA (Yosefardi) – Newly-listed PT Logindo Samuderamakmur Tbk (LEAD), engaged in sea freight transportation services, mulls to seek external fund of US$168 million for funding its investment until 2015 which totals US$240 million.
It plans to purchase 12-15 new vessels until 2015, from current 58 vessels. The company had raised Rp356.66 billion from IPO of 127.38 million shares, priced at Rp2,800 per share.
It booked net profit of Rp7.2 billion on revenue of Rp24.99 billion in first half of this year. LEAD targets to book net profit of US$15 million this year on revenue of US$55 million.