Bisnis.com, JAKARTA — A subsidiary of Pelindo, PT Jasa Armada Indonesia Tbk. (IPCM) has confirmed that it will distribute dividends for the 2024 fiscal year, with a more attractive dividend yield than the 2023 fiscal year. The President Director of IPCM, Shanti Puruhita, targets the distribution of dividends in line with the company’s plan to increase revenue by around 5% this year. “Our target is a moderate 5% increase in revenue, and IPCM’s strategy to achieve this is through eager territorial expansion,” said Shanti during an online public expose on Thursday (29/8/2024). In addition, Shanti added, the company also allocated around Rp158 billion in capital expenditure for the procurement of two tugboats as well as auxiliary engines and other supporting equipment.

Including, he said, the procurement of water jet modifications to improve the company’s performance during the second half of this year. “We have a total of IDR 158 billion, and we hope this investment can be implemented well this year or in the coming years,” he said.

Previously, IPCM distributed a dividend for the 2023 fiscal year amounting to IDR 118 billion or equivalent to IDR 22.41 per share to the shareholders. At that time, the company’s net profit reached Rp157.6 billion. Meanwhile, IPCM recorded an increase in revenue in the first half of 2024. Nevertheless, the net profit of the issuers in the port sector has decreased. IPCM achieved a net revenue of Rp598.75 billion from January to June 2024. That achievement increased by 5.49% year-on-year (YoY) from Rp567.55 billion in the first semester of 2023. ICPM management presented that the largest contribution to the company’s revenue came from ship towing services amounting to Rp512.2 billion or 85.5% of total revenue, while the contribution from transportation and other services was 8.1% or Rp48.8 billion. Revenue from ship towing services, particularly at the Special Terminal (Tersus), experienced a significant increase of 27.7% or Rp183.2 billion compared to the same period last year, which was Rp143.5 billion. This is supported by the improvement in performance in several existing operational areas as well as new operational areas in eastern Indonesia. Revenue from public ports also increased by 14.7% to Rp250.9 billion from Rp218.7 billion YoY. Meanwhile, TUKS revenue also rose by 9.6% to Rp115.8 billion from Rp105.6 billion YoY