Wellard has confirmed the successful repurchase of its vessel the M/V Ocean Ute from financier Ruchira Ships Limited. Ocean Ute.
Australian livestock shipping fleet owner and charterer Wellard Ltd has recorded its third successive profitable financial year.
In results posted to the Australian Stock Exchange this week it reported a net profit after tax for the 2022 financial year of AUD $14.3 million, up on $2.7 million the previous financial year.
Boosting the performance was an 86 percent rise in EBITDA to AUD $31.2 million. Cash at bank has risen to AUD $22.1 million, while loans and…
