RCTIPlus – PT Jasa Armada Indonesia Tbk (IPCM) achieved an increase in revenue of 27.87% or to IDR 858.11 billion until the third quarter of 2023.

IPCM also recorded an increase in profit of IDR 119.78 billion or an increase of 17.81% from the same period the previous year of IDR 101.67 billion (YoY).

The main contribution to IPCM’s revenue came from ship services amounting to IDR 756.28 billion or 88.13% of total revenue. Other income contributions were transportation and other services amounting to IDR 70.33 billion or 8.19% and ship management services amounting to IDR 31.50 billion or 3.67%.

Revenue from ship towing services consisting of general ports amounting to IDR 326.02 billion, Special Terminals (Tersus) amounting to IDR 227.47 billion and Terminals for Private Use (TUKS) amounting to IDR 163.72 billion.

The increase in Tersus income in this period experienced a higher increase when compared to TUKS income, with increases of 73.74% and
34.99% compared to the 2022 period.

The cost of revenue increased by 32.95% from IDR 480.68 billion to IDR 639.09 billion, most of which was contributed by the increase in fuel prices.

Nevertheless, by implementing the company’s strategic plan, the Company managed to record an increase in operating profit of 20.47% to IDR 144.95 billion from IDR 120.33 billion in the previous year.

IPCM was also able to record an increase in total assets of 3.91% from the previous IDR 1.49 trillion to IDR 1.55 trillion until September 2023.

“We are optimistic that with Indonesia’s stable economic growth it will continue to stimulate and increase the flow of trade and logistics transportation, so that IPCM’s revenue in 2023 will grow as expected,” said IPCM Main Director Shanti Puruhita in the 2023 public expose, Thursday (30/11/2023 ).

“We also thank all customers, strategic business partners and other stakeholders for the good synergy so that IPCM was able to record positive income in the 3rd semester of this year and hope that the company’s performance during this year is in accordance with the company’s previously determined work plan and budget,” added the Finance Director. and IPCM HR Reini Delfianti.

The commercialization of the IPCM business can also be seen from the various signings of IPCM collaborations with partners which continue to be actively carried out, including the signing of several long-term agreements with PT Cemindo Gemilang Tbk, PT Nusantara Regas, PT Jawa Satu Power, PT Cirebon Electric Power, PT Cirebon Energi Prasarana , PT Lang Lang Laju Layang and PT Pelabuhan Bukit Prima.

Apart from that, IPCM has also signed a Cooperation agreement regarding pilotage and towing services with Pelindo Maritime Services Sub Holding for the entire Regional 2 area of PT Pelabuhan Indonesia (Persero).

“The extension of IPCM service collaboration agreements to strategic partners reflects our commitment to continue to meet the expectations of service users and improve and improve service quality for better customers,” added Shanti.