Ramba: Co’s Indonesian subsi RichLand Logistics has secured 2 contracts to transport bulk liquids for leading chemical cos BASF Indonesia and Styrindo Mono Indonesia (SMI). RLI’s annual volume is expected to exceed 160k tonnes with SMI’s contract valued at approx $5.0m. The contract involves co transporting bulk styrene monomer from SMI’s plant to its customers within Java...
The other contract involves transportation from BASF plants in Jakarta and West Java to customers in Java and Sumatra. Ramba deals in exploration of oil and gas but has a logistics arm through RichLand as well. Co has been struggling to make a profit, 120k in FY09 and 130k in FY08, P/E not meaningful due to low earnings.
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