PT Buana Listya Tama (BULL) Tbk, announced improved first quarter earnings in 2011 amounted to 119% or Rp 85,172,526,000, an increase compared to the same quarter the previous year (2010), which only amounted to Rp 38,935,389,000.
BULL revenue in the first quarter of 2011 increased by 110% or equivalent to Rp 257,175,594,000, an increase compared to the first quarter of 2010, which only amounted to Rp 122,286,728,000.
In addition, the company's EBITDA also increased in the first quarter of 2011, amounting to Rp 279 billion, an increase over the same period (2010) who recorded Rp 168 billion.
Finance Director PT Buana Listya Tama Tbk, Kevin Wong, in a press conference at the Hotel Indonesia, Jakarta, said the company financial position become more healthy, reflected in the low ratio of net debt to EBITDA.
Gross Profit company in the first quarter 2010 amounted to Rp 15,786,554,000, an increase in the first quarter of 2011 to Rp 97,772,649,000.
BULL has 21 diversified fleet, consisting of 9 ships oil tanker, 8 gas tanker ships, 1 FPSO, 1 FSO and 2 chemical tanker ships. (AYOS)