JAKARTA (Yosefardi) – PT Wintermar Offshore Marine Tbk (WINS) recorded 30% growth in net profit to US$7.6 million for first quarter (Q1) of this year compared to US$5.8 million in Q1 2013 on 16% revenue growth. EPS was UScents 0.21.
Revenue from owned vessels rose 42%YOY to US$26.2 million as new higher tier vessels acquired during the course of 2013 started contributing. Revenues from Chartering were down 7% compared to the first quarter 2013, as expected.
By the end of Q1 2014, Total Assets rose to US$466million as compared to US$422 million as at end 2013.The carrying value of our fleet amounted to US$294 million.
At 31 March 2014, the total value of contracts in hand is US$ 152 million.