Wintermar Offshore (WINS:JK) Reports 9M2023 Results
JAKARTA, Oct 30, 2023 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for 9M2023. Wintermar records 9M2023 Net Attributable Profit of US$2.8million compared to a loss of US$2.1million in 9M2022, on the back of better margins from a rise in fleet utilization and charter rates. Rising fleet utilization through 3Q2023 along with better charter rates contributed to a 30.7%QOQ increase in revenue for 3Q2023, and boosted the gross profit margin to 23.4% for the quarter compared to 15.9% for 2Q2023. For 9M2023, total revenue was up 23.3%YOY to US$51.2million of which US$2...