Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Bina Buana Raya sees Q1 earnings fall

Bina Buana Raya sees Q1 earnings fall
Indonesian offshore vessels owner Bina Buana Raya (BBR) has recorded lower earnings in the first quarter.

BBR posted a first quarter net profit of $204,955, significantly down from $2.29m a year ago.

Revenue also dropped to $7.97m in the quarter ended 31 March 2014 compared to $8.96m in the same period of 2013.

The company’s operating profit slipped to $971,471 during the quarter, down from $3.43m in the previous corresponding period.

TAGS: Offshore