Samudera Shipping Line has posted a 78 percent increase in net profit to US$15.8 million, or 2.87 cents per share, for the six months ended 30 June.
In the previous corresponding period in 2007 the company registered $8.9 million, or 1.64 cents per share.
The group's revenue increased to $217.4 million, a 19.5 percent increase on last year's first-half revenue of $181.9 million.
The company's executive director cited strong cargo volumes coupled with good control of operating costs as a central factor in the increase.
Higher bunkers prices and charter hire rates drove the cost of services up 20 percent in the first half of this year.
In the previous corresponding period in 2007 the company registered $8.9 million, or 1.64 cents per share.
The group's revenue increased to $217.4 million, a 19.5 percent increase on last year's first-half revenue of $181.9 million.
The company's executive director cited strong cargo volumes coupled with good control of operating costs as a central factor in the increase.
Higher bunkers prices and charter hire rates drove the cost of services up 20 percent in the first half of this year.