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.

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