BBR profit bashed

Indonesian offshore owner sees Q1 earnings cut back as revenue falls.
BBR: profit chopped

BBR: profit chopped

Indonesia’s Bina Buana Raya (BBR) has seen profit shrink in the first quarter as revenue fell.

The offshore vessel owner said net earnings to 31 March were $204,955, down from $2.29m a year ago.

Revenue was $7.97m, compared to $8.96m in 2013.

Operating profit declined to $971,471, compared to $3.43m a year ago.

Related
  • BBR bags twin deals

    Indonesia’s Bina Buana Raya (BBR) has sealed charters for two anchor handling tug supply vessels (AHTS) worth approaching $20m.
  • BBR buys anchor handler

    PT Bina Buana Raya (BBR) has acquired a anchor handler newbuilding from an unnamed distressed shipbuilder.

User