For the Financial Period Ended: 30-06-2013
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 second quarter ended 30 June 2013 ("2Q2013").
Based on a preliminary review of the unaudited financial results of the Group, the Board will like to advise shareholders that the Group expects to report a net loss after tax for 2Q2013. The loss was due mainly to lower freight rate(s) and charter rate(s) as a result of oversupply of vessels across all three business segments of the Group namely Regional Container Shipping, Indonesia Domestic Container Shipping and Bulk Carrier, Offshore & Tanker business.
Further details of the Group's financial performance will be disclosed when the Company announces its unaudited financial results for 2Q2013 on or after 30 July 2013.
BY ORDER OF THE BOARD
Hermawan Fridiana Herman
26 July 2013