Wintermar Offshore (WINS:JK) Reports 1H2024 Results
Top Stories Tamfitronics JAKARTA, July 29, 2024 - (ACN Newswire) -PT Wintermar Offshore Marine Tbk (WINS:JK) has announced results for 1H2024. Wintermar's Gross Profit for 1H2024 jumped 90.4%YOY to US$10.4million from US$5.4million in 1H2023, driven by rising charter rates on Owned Vessels, while Attributable Net Profit reached US$13.4million for the same period as the Company booked a large gain on sale of vessels.Wintermar recently secured a long term contract for two PSVs working in Indonesia.Total Revenues rose steadily by 22.9%YOY to US$38.3million for 1H2024, contributed by a strong 41.5% YOY increase in Owned Vessel revenue which rose to US$27.2million in 1H2024 compared to US$19.2million in 1H2023. This is attributable to the continued rise in OSV charter rates which on average are 39.8% higher in 1H2024 compared to the average for 1H2023.Owned Vessel DivisionIn the first...
