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Wintermar Offshore Reports FY2020 Results Wintermar Offshore Marine (WINS:JK) has reported results for the full FY2020, achieving a gross profit of US$1.1 million, turning around from a gross loss of US$1.27 mil in FY2019, as utilization rose to 66% in Q42020. The rise in vessel utilization provided a boost to revenue of US$11.9 million for 4Q2020, and brought the Company back to a gross profit for the full FY2020. A strong 4th quarter saw high tier vessel utilization reach 77% as several drilling projects commenced. Although revenue for FY2020 was 23% lower than FY2019, the significant cost control measures in the past year brought total direct expenses down by 26% YOY.

Directors of the companyVessel divisionOil gas industryOther servicesWintermar offshore marine groupRystad energyOffshore marineOwned vesselIndirect expensesOperating lossNet attributableWintermar offshore marineஇயக்குநர்கள் ஆஃப் தி நிறுவனம்கப்பல் பிரிவுஎண்ணெய் வாயு தொழில்அதர் சேவைகள்