Wintermar Offshore (WINS:JK) Reports FY2023 Results
JAKARTA, Mar 28, 2024 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for FY2023. Wintermar’s net attributable profit jumped by 501.1%YOY to US$ 6.7 million for FY2023 backed by higher charter rates. Higher utilization and rising charter rates towards the 4th quarter lifted gross margins and led to a strong operational performance in FY2023 with EBITDA up 24.4% to US$21.8million on total revenue of US$72.6 million (+19.0%YOY). Owned Vessel Division The Owned Vessel Division's revenue saw a 33.3% YOY increase to US$ 48.2 million, outpacing the owned vessel direct c...