International liquid cargo shipping company Berlian Laju Tanker has experienced an 8 percent plunge in net profit for the first half of the year, but remains upbeat about future prospects.
Figures released by the company on Sunday showed a first-half net profit of $22.5 million. Operating income fell 2 percent to $323 million during the period.
Berlian’s corporate secretary, Peter Chayson, said the company’s financial performance improved in the second quarter of the year. He said the company was confident the growing domestic market would boost its financial performance. Berlian, he added, intends to focus on the domestic market in a bid to expand its business.
Berlian is ready to benefit from the application of cabotage principles, which ensures national governments have the right to regulate domestic shipping, by signing long-term contracts, he said.
Figures released by the company on Sunday showed a first-half net profit of $22.5 million. Operating income fell 2 percent to $323 million during the period.
Berlian’s corporate secretary, Peter Chayson, said the company’s financial performance improved in the second quarter of the year. He said the company was confident the growing domestic market would boost its financial performance. Berlian, he added, intends to focus on the domestic market in a bid to expand its business.
Berlian is ready to benefit from the application of cabotage principles, which ensures national governments have the right to regulate domestic shipping, by signing long-term contracts, he said.