Wintermar Offshore (WINS:JK) Reports 9M2023 Results
JAKARTA, Oct 30, 2023 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for 9M2023.
- 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.
- For 9M2023, total revenue was up 23.3%YOY to US$51.2million of which US$20million was booked in 3Q2023.
- There has been a consistent increase in offshore oil and gas investments with long term projects that will drive utilization of offshore rigs and OSV demand into 2028.