PT Mitrabahtera Segara Sejati, Tbk reported unaudited financial and operating results for the nine months ended September 30, 2016. The company has reported total revenues of USD 50.0 million compared with USD 71.5 million a year ago. Operating loss was USD 5.2 million compared with operating profit of USD 17.3 million a year ago. Loss before tax was USD 5.5 million compared with profit before tax of USD 2.2 million a year ago. Loss attributable to owners was USD 6.7 million compared with profit attributable to owners of USD 0.2 million a year ago. EBITDA was USD 12.7 million compared with USD 26.2 million a year ago. Capex was USD 4.9 million compared with USD 6.1 million a year ago. The revenue decline is due to lower barging and floating crane revenues compared to nine months of 2015 where barging revenue decline 22.0% from USD 45.7 million to USD 35.6 million and floating crane revenue decline by 44.2% from USD 25.8 million to USD 14.4 million.

The company announced barging volume of 16.9 million tons compared to 17.3 million tons a year ago and floating cranes of 9.6 million tons compared to 15.1 million tons a year ago.