It earned $1.6m during the 12 months of last year compared to $3.2m in 2013.

This figure came on the back of increased revenue which rose to $66.6m from $61.1m.

HIT explained that Indonesia’s economic growth did not reach the target set by the government, something that had an impact on businesses.

It also revealed plans to invest in LNG, oil tankers and petrochemical transportation during 2015.

HIT