Liputan6.com, Jakarta – PT Jasa Armada Indonesia Tbk (IPCM) has budgeted capital expenditure (capex) of IDR 150 billion in 2024. Capital expenditure funds will come from internal cash.

President Director of PT Jasa Armada Indonesia Tbk, Shanti Puruhita, said that the capital expenditure was IDR 150 billion to add two ships.

“In 2024 we will add two tugboats with a total capex of IDR 150 billion, funding will still come from internally, nothing from outside,” said Shanti during the 2023 live public expose on the Indonesia Stock Exchange (BEI), as quoted by Antara, Sunday (3/12 /2023).

Apart from that, Shanti is not worried about the Indonesian Fleet Services business in the transportation and logistics sector in 2024. The company will continue to operate optimally amidst the dynamics of the political year. Shanti said that the company’s expansion targets are organic and inorganic. “Organic has a business plan launched by the Pelindo Group, for inorganic there is a lot of great potential under Indonesian waters,” he said.

Meanwhile, the company has allocated capital expenditure of IDR 140 billion for the procurement of two new Abimanyu type ships.

The procurement process is targeted for completion by the end of the year, and the construction process for the two Abimanyu type ships will take up to 18 months. It is hoped that work on the ship will be completed in June-July 2025.

As of November 2023, the company is recorded as having a total of 95 vessels consisting of 61 tugboats, 29 guided motorboats and five kepilboats.

Apart from that, the company targets business revenues to reach more than IDR 1 trillion in 2024 and profits are targeted to exceed this year’s achievements.

Company Income

The company’s operating income was recorded at IDR 858.1 billion in the third quarter of 2023, or an increase of 28 percent year on year (YoY) compared to IDR 671.05 billion in the same period last year.

Meanwhile, the Director of Finance and Human Resources of Indonesian Fleet Services, Reini Delfianti, said that the main contributor to the company’s revenue came from ship services amounting to IDR 756.28 billion or 88.13 percent of total revenue.

Transportation and other services worth IDR 70.33 billion or 8.19 percent. Ship management services Rp. 31.50 billion or 3.67 percent.

On the other hand, Jasa Fleet Indonesia’s profit was IDR 119.78 billion in the third quarter of 2023, an increase of 18 percent YoY compared to IDR 101.67 billion in the same period last year.