JAKARTA (Yosefardi) – Shipping company PT Wintermar Offshore Marine Tbk (WINS) claimed it has secured contracts of US$111.2 million as of March 1, 2014.
The company said high exploration activities and tight implementation of cabotage principle benefit the shipping industry.
WINS posted net profit of US$36,78 million in 2013, grew by 50% from US$24.03 million in 2012. Revenue also rose 50% to US$186.72 million from previous US$124.12 million.
Its assets rose 24.8% to US$422.28 million while liability grew by 26% to US$203.69 million. The company has cash and cash equivalent of US$25.44 million.
The company allocates capex of US$60 million for this year, funded by internal cash and bank loan.
The company plans to purchase 4 new vessels this year. Now, it has 71 units of vessel. It targets its revenue and profit to grow by 20% last year and also this year.