Wintermar Offshore (WINS:JK) Reports 1Q2024 Results
JAKARTA, Apr 29, 2024 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS:JK) reported US$5 million Gross Profit and US$2.2million Net Attributable Profit for 1Q2024, driven by Owned Vessels gross margin expansion. Total Gross Profit increased 66.8%YOY to US$5.0 million for 1Q2024 as compared to US$3 million in 1Q2023, while total revenues were 16.3% YOY higher at US$18.4 million compared to 1Q2023. Higher charter rates resulted in a widening of gross margins from the Owned Vessel Division. Owned Vessel Division In 1Q2024, Owned Vessel gross profit experienced an increase to US$3.9 milli...