Indo Straits targets $50m total contract

PT Indo Straits, an IDX-listed integrated marine engineering and logistic services provider for oil, gas and coal producer, expects this year to secure US$50 million in total contract.

CFO Dwi Prasetyo Suseno said after the company?s extraordinary shareholders? meeting last week that net profit from that amount of contract is projected to reach $4.54 million.

?We set a conservative contract target this year, mainly following a declining trend in coal prices in global markets,? Dwi Prasetyo said.

Last year, the firm pocketed a net profit of $3.16 million.(*)