Samudera Indonesia Registers US$3.2mn Net Loss In Q113

News: Samudera Indonesia registered a net loss of US$3.2mn in Q113, compared with a US$2.32mn loss in Q112, reports the Jakarta Post. The fall recorded in the company's revenue was attributed to rising operating costs. The loss was also partly driven by an increase in the cost of fuel, the company's Chief Financial Officer Anwarsyah Batubara said. In the reported period, a sum of US$122.2mn was spent by Samudera Indonesia on costs of services. Meanwhile, the company is likely to reduce losses on business activities that witnessed low profit generation. Additionally, Samudera Indonesia is to boost its focus on domestic-oriented business activities, including terminals and logistics, Batubara added.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Indonesia, Indonesia, Indonesia, Indonesia

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