PT Jasa Armada Indonesia Tbk (IDX: IPCM) held its Annual General Meeting of Shareholders (AGMS) in Jakarta on Wednesday and approved the allocation of the Company’s profit for the fiscal year 2023, amounting to Rp.157.6 billion, to be used as a final dividend of Rp.118 billion (Rp.22.41 per share), part of which has been distributed to shareholders as an interim dividend of Rp.20.05 billion on January 26, 2024, and a cash dividend of Rp.98.2 billion to be distributed in July 2024.

The President Director concurrently serving as the Commercial and Business Development Director of PT JAI Tbk, Shanti Puruhita, stated, “The decision to distribute dividends for the 2023 financial year is a form of IPCM’s commitment to the shareholders, which is certainly in line with the shareholders’ support for the management to continue the Company’s business expansion plans.”

Changes to the Company’s Management Structure The RUPST of PT JAI Tbk also approved changes to the company’s management structure, appointing Dessy Emastari as the Director of Finance, Human Resources, and Risk Management, replacing Reini Delfianti, whose term ended at the conclusion of the meeting held today.

Meanwhile, Reini Delfianti has been assigned to the PT Pelabuhan Indonesia group. (Persero). Additional information, previously Dessy Emastari served as the Group Head of Human Resource Management at PT Pelabuhan Indonesia. (Persero).

Thus, the composition of the Board of Commissioners of PT JAI Tbk becomes:

Chief commissioner: Zuhri Iryansyah

Commissioner: R.R. Dewi Ariyani

Independent Commissioner: Bay Mokhamad Hasani

The composition of the Board of Directors of PT JAI Tbk is as follows:

President Director concurrently serving as Commercial and Business Development Director: Shanti Puruhita, Fleet and Operations Director: M. Iqbal, Finance, HR, and Risk Management Director: Dessy Emastari.

“We extend our highest gratitude and appreciation for Mrs. Reini Delfianti’s contributions and dedication during her tenure at the Company. We believe that this organizational refresh can bring IPCM to greater heights,” Shanti stated.

Shanti explained that IPCM recorded good fundamental performance, throughout 2023 IPCM recorded a net profit of Rp 157.6 billion, an increase of 4.6% from last year’s Rp 150.6 billion. Revenue in 2023 rose by 16.2% from Rp 980 billion to Rp 1.1 trillion, with the main contributor being the general port services segment amounting to Rp 525 billion or 46.2% of total revenue, an increase of 4.2% from Rp 504 billion YoY. Other revenue contributors were the Terminal for Own Interest Services (TUKS) amounting to Rp 191 billion, contributing 16.8% or an increase of 11.9% YoY, and Special Terminals (Tersus) amounting to Rp 343 billion, contributing 30.2% or an increase of 71.9% YoY. This was followed by ship management services and other marine services, each contributing Rp 31 billion and Rp 46 billion, respectively.

Furthermore, Shanti stated that in 2023 IPCM also strengthened its fleet by launching three pilot boats and one new tugboat, and the Company continues to actively strengthen its business by forming partnerships with strategic partners, thereby contributing positively to the Company’s performance improvement.

IPCM’s commitment to the public, in addition to maintaining financial performance aspects, also lies in the implementation of good corporate governance by prioritizing transparency and disclosure to stakeholders, as evidenced by the ASEAN Corporate Governance Scorecard (ACGS) assessment results with a score of 98.18 points, categorized as “Very Good,” an increase from the previous year’s score of 95.93 points.

According to him, the business journey of IPCM continues to prioritize ESG elements to support sustainable performance, including the commitment to using the environmentally friendly ship fuel alternative Biosolar B35, which relatively reduces carbon emissions as a form of minimizing the negative impact of fuel residue, the use of shore connection to support the use of energy other than fuel oil as an operational support, the utilization of solar panels, and the management of hazardous waste in the port environment.

In addition, Shanti said, IPCM also encourages Micro Small Enterprises (UMK) through development and training programs for Weaving and Craft products in Eastern Indonesia, as well as the conservation of marine biota and ecosystems, such as planting 400 coral seedlings and planting 1,000 mangrove trees in North Jakarta.

Continue the Best Service QualityShanti also expressed that in 2024, IPCM is opening up optimism and adding new strength through several collaborations with strategic partners. On April 1, 2024, the Government, through the Ministry of Transportation of the Republic of Indonesia, officially granted a Delegation to the Port Business Entity (BUP) PT Jasa Armada Indonesia Tbk (IDX: IPCM) to carry out Pilotage and Towage Services in the waters of Obimayor Island – West Coast within the Extraordinary Pilot Waters of Laiwui Port, North Maluku Province.

“We are grateful for the trust and full support given by the shareholders, customers, business partners, and IPCM stakeholders. We are committed to our service to continuously meet the expectations of our users by constantly improving and enhancing the quality of our services for better customer satisfaction,” concluded Shanti.

PT Jasa Armada Indonesia Tbk (IDX: IPCM) is the only company in the pilotage and towing services sector that has been listed on the Indonesia Stock Exchange since December 22, 2017. The issuer with the ticker code IPCM is part of the PT Pelabuhan Indonesia (Persero) Group.

The main business of the Company is engaged in pilotage services, towage services, and other maritime services, with the primary market share being the provision of ship services throughout the operational area of Regional 2 PT Pelabuhan Indonesia (Persero), which includes 11 (eleven) ports, with market expansion across all of Indonesia.(Red-MM).