JAKARTA (Yosefardi) – Shares of PT Soechi Lines Tbk (SOCI) gained 8.2% to Rp595 per share at its trading debut this morning.
The company lists 7.06 billion shares. SOCI had offered 1.06 billion through the initial public offering (IPO), priced at Rp550 per share, raising total proceeds of Rp582.45 billion.
The engages in shipping and shipbuilding through its subsidiaries and management consulting services.
The company booked net income of US$15.6 million in first half of 2014 on revenues of US$54.77 million. In 2013, it recorded net profit of US$30.25 million on revenues of US$106.4 million.
As of June 2014, its assets totaled US$377.24 million while liability amounted US$202.87 million. SOCI has cash and cash equivalent of US$10.33 million.