JAKARTA (Yosefardi) – Shipping firm Arpeni Pratama Ocean Line (APOL) has halted all the operations of its Panama-based Paramount Star Shipping S.A, as the unit’s shipping operation stopped since 2015.
APOL booked net profit of Rp130.79 billion in first half of 2016, against loss Rp268.78 billion in the corresponding period of 2015, while revenues dropped 34.9% to Rp238.92 billion, from previous Rp367.08 billion.
The company booked other operating income of Rp195 billion, against Rp30 billion in first half of 2015. APOL’s assets totaled Rp1.3 trillion while liability amounted Rp6.34 trillion.