Apr 25, 2011

Trada to seal US$105 million loan

A global energy marine transporter PT Trada Maritime Tbk (TRAM) is optimistic to secure a loan facility commitment of US$90 million-US$105 million from Bank Mandiri and Bank of China Ltd (ICBC). The facility will be used by Trada to fulfill the need for capital expenditure this year.
The loan facility counts 75% of Trada's total capital expenditure which has been set at US$120 million-US$140 million, Trada Finance Director Adrian E. Sjamsul said as quoted by Bisnis Indonesia daily today.
Trada enlarges the capex of 26.31%-47.36% from realized last year of US$95 million. "The capex will be utilized to buy seven units of tanker and panamax fleet," he said. 
The company posted Rp105.92 billion net income last year, a 5.98% increase from Rp99.94 billion in the previous year.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: