Corrected: BLT triples 9-month net profits

17 November 2008 03:49  [Source: ICIS news]

Correction: In the ICIS news story headlined “PT Berlian Laju triples Q3 net profit to $161m” dated 17 November 2008, please read in the headline and first paragraph ...nine-months-to-Sept... instead of ...Q3 or third quarter... A corrected story follows.

 

SINGAPORE (ICIS news)--Indonesia’s PT Berlian Laju Tanker (BLT) announced over the weekend it has tripled its nine- months-to-September net profit to $161m (€128m) from $53m a year earlier as operating revenues almost doubled.

 

BLT posted an 85% increase in operating revenues for the period to $546m from $294m, with gross profits soaring 90% to $179m from $94m.

 

The company is a Jakarta-based cargo shipping service provider, mainly transporting petrochemical products and liquid cargoes and is part of the Bina Surya Group.

 

($1 = €0.79)

 

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By: Leon Toh
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