Berlian Laju Tanker has released its 9M14 financial statements, showing a 12 percent fall in operating revenue to US$239.3 million due to a fall in revenue from all segments. Gross profit margin rose by 3.8 percentage points from 12.8 percent in 9M13 to 16.6 percent in 9M14. The company made a net loss of US$43.2 million, contrasting to profit of US$0.2 million in 9M13, due to a significantly lower net foreign exchange gain in the current period. CH Offshore has released its 1H15 financial statements, showing a rise in revenue by 4.6 percent to US$17.9 million due to higher fleet utilisation in the current first half. Gross profit margin fell by 6.7 percentage points from 91.4 percent in 1H14 to 84.7 percent in 1H15. Net profit fell 21.9 percent to US$11 million due to a 23 percent rise in administrative expenses and weaker performance of its associated companies. CNMC Goldmine Holdings has announced the mutual termination of its joint venture agreement involving Menteri Besar Incorporated (Perak) and its subsidiary, entered into on 5 December 2013. Keppel Land has signed a conditional agreement to secure a 4.6-hectare site for IDR381.9 billion (approximately $40.2 million) in West Jakarta. The company will subsequently enter into a sales and purchase agreement for the site to be developed as a high-rise condominium. The site is strategically located within the growth corridor of West Jakarta, with accessibility to business districts, lifestyle hubs and a 15-minute drive to the Soekarno-Hatta International Airport. Unionmet (Signapore) has entered into a non-binding memorandum of understanding with SG Support Service (SGSS) to acquire 49 percent stake in SGSS. SGSS is the one of four Singapore companies which has the license to collect water & oil sludge and has over 50 heavy vehicles. Unionmet believes there are possible synergies between its oil-blending business, including the provision of water and oil sludge to Biofuel Research for treatment.
Posted on: Mon, 19 Jan 2015 05:04:45 +0000
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