2023-05-18 12:20:44 ET
With a huge jump in foreign tourist arrivals, Indonesia is experiencing a solid recovery in the %Tourism sector — and this company is benefiting as it invests in constructing resorts, villas, hotels, and other properties and services to meet tourism demands. %GoldandGemStoneMining (OTC: ) reported in its press release today another year of excellent revenues as the firm expands its operations.
The firm reported and increase in revenues by 323 percent and net profit by 325 percent for the year and aims to continue its growth with an expansion. GGSM is a publicly-traded company engaged in the charter boat business in the Mentawai Islands and beyond. The Kuda Laut's charter vessel is a Mentawai Surf Charter vessel to the World-Famous Mentawai Islands. Shares were up 50 percent in morning trade.