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RIGS sells one of its barges

27 October 2020 19:58

JAKARTA. PT Rig Tenders Indonesia Tbk (RIGS) announced the sale of one of the barges owned by one of its subsidiaries, PT Batuah Abadi Lines (BAL).

Doddy Irawan, Director of RIGS, said that the ship was sold to an individual, Marzuki, for Rp5.2 billion. "The transaction had been settled on 25 October 2020," said Irawan through a disclosure published on the Indonesia Stock Exchange's website today.

On the same occasion, Irawan also said that the book value of the barge was Rp4.7 billion. After deducting the Value Added Tax (VAT) of Rp472.74 million, the company obtained a profit of Rp27.66 million.

"The sale has a positive impact on the company's operational activities and financial condition since it can reduce the company's burden in the future," Irawan explained. (KR/AR)

 
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