The Jakarta-listedcompany said net income was $16.5m versus the $8.9m seen in FY2012. Revenue wasup 73% to $59m.
Theimproved result was driven by the addition of four higher-tier vessels andimproved rates across its existing fleet.
Thecompany recently expanded its fleet to 60 vessels with the acquisition of an8,000-bp DP2-rated anchor handler for $17m.
Logindo secured 70% of the financing for the acquisitionfrom UOB Bank Singapore in the shape of a $12m five year US dollar loan.
“Weexpect
