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Turning the tide, RIGS scored USD 2.41 million of profit in H1 2022

03 October 2022 11:40

JAKARTA. PT Rig Tenders Indonesia Tbk (RIGS) booked a net profit of USD 2.41 million in the first half of 2022.

The net profit in H1 2022 was the opposite of the performance seen in the same period last year, in which the company suffered from a loss of up to USD 4.81 million.

Based on the recently released financial statement, RIGS’s net profit in H1 2022 was supported by its revenue that reached USD 20.85 million. It was 24.3% higher than the number recorded in the same semester in 2021.

In H1 2022, most of revenue was a contribution from PT Arutmin Indonesia. Said company generated USD 8.84 million, covering 42.4% of the total revenue.

Then, PT Adaro Indonesia Tbk (ADRO) also turned in USD 4.25 million, followed by PT Permata Lintas Abadi that contributed USD 3.23 million. PT Pelayaran Kartika Samudra Adijaya brought in USD 1.96 million, while PT Cakrawala Hijau Samudra scored USD 1.48 million, followed by PT Pelayaran Satu Tujuh Marahai of USD 326.99 thousand and others of USD 761.61 thousand.

Until June 2022, RIGS’s total assets reportedly clocked up to USD 43.71 million, while its equity reached USD 41.57 million. (KR/ZH)

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