Jan-Sep, Wintermar Offshore Swings to USS486 Million Profit from US$7.44 Million Loss


Jakarta - PT Wintermar Offshore Marine Tbk (WINS), until the first nine months of 2021, posted a net profit of US$486.02 million, swinging from the same period the previous year which suffered a loss of US$7.44 million.

Based on the financial report published on Tuesday (2/11), this profit achievement was supported by the low direct costs of around 21.90% to US$26.11 million from US$33.43 million. Also, EBITDA rose 13% to US$10.2 million.

Indirect costs were also reduced by about 13% to US$3.92 million from US$4.5 million, reflecting a much leaner organizational structure with lower overhead costs compared to last year.

"This is the result of implementing fleet efficiency in the last few years by selling vessels that are less efficient and lowering overhead costs," said WINS Investor Relations Pek Swan Layanto in a statement, Tuesday (2/11).

However, operating income decreased by 3.88% to US$30.18 million from US$31.40 million.  


Penulis : Widya