FW60.F

Wintermar Offshore (WINS:JK) Successfully Reschedules US$29 Million of Debt with IFC and DEG

Thursday, June 18, 2020 - 11:00am

JAKARTA, June 18, 2020 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has successfully concluded an agreement with IFC and DEG to reschedule US$29 million of debt, deferring US$15.6 million in principal installments for 2020 and 2021.

Key Points: 
  • JAKARTA, June 18, 2020 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has successfully concluded an agreement with IFC and DEG to reschedule US$29 million of debt, deferring US$15.6 million in principal installments for 2020 and 2021.
  • Wintermar has concluded a rescheduling agreement with two major lenders, the International Finance Corporation (IFC) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development finance institution and a subsidiary of KfW Group.
  • We highly value the good relationship we enjoy with IFC and DEG, who have supported us since we were listed.
  • Ms. Pek Swan Layanto, CFA Investor Relations PT Wintermar Offshore Marine Tbk Tel: +62-21 530 5201 Ext 401 Email: investor_relations@wintermar.com
    Copyright 2020 ACN Newswire .

Wintermar Offshore (WINS:JK) back to black in 1Q2020

Wednesday, May 20, 2020 - 11:00am

Chartering Revenue for 1Q2020 was 22% lower than a year ago at US$2.3 million.

Key Points: 
  • Chartering Revenue for 1Q2020 was 22% lower than a year ago at US$2.3 million.
  • The Management's continued drive for efficiency has produced results, as indirect expenses fell by 12% YOY to US$1.5 million for 1Q2020.
  • Wintermar had already experienced a turnaround in 1Q2020 and expectations were for a continued improvement in profitability for 2020.
  • Ms. Pek Swan Layanto, CFA Investor Relations PT Wintermar Offshore Marine Tbk Tel: +62-21 530 5201 Ext 401 Email: investor_relations@wintermar.com
    Copyright 2020 ACN Newswire .