Profit Guidance
For the Financial Period Ended: 31-12-2013
The Board of Directors (the "Board") of Samudera Shipping Line Ltd (the "Company" and together with its subsidiaries, the "Group") wishes to issue a profit guidance with respect to the Group's results for the full year ended 31 December 2013 ("FY2013").
Based on a preliminary review of the unaudited financial results of the Group, the Board would like to advise shareholders that the Group expects to report a net loss after tax for FY2013. The loss was due mainly to lower shipping rates as a result of oversupply of vessel capacity in all segments of the Company's businesses.
Further details of the Group's financial performance will be disclosed when the Company announces its unaudited financial results for FY2013 on or after 25 February 2014.
BY ORDER OF THE BOARD
Hermawan Fridiana Herman
Executive Director
20 February 2014