LOGISTIKNEWS.ID – PT Jasa Armada Indonesia Tbk (IDX: IPCM) held its 2023 Annual Public Expose on Thursday (30/11/2023).

The IPCM presentation was delivered by the Main Director of IPCM and Director of Commercial and Business Development, Shanti Puruhita, Director of Fleet and Operations, Muhammad Iqbal and Director of Finance and HR, Reini Delfianti.

Several main things were conveyed, such as the company’s financial performance ending September 30 2023, tariff adjustments in various regions and the signing of extensions of cooperation agreements with existing service users.

In the 9M-2023 financial report, IPCM was able to record better performance than the same period in the previous year with an increase in revenue of 27.87% to IDR 858.11 billion from IDR 671.05 billion (YoY). IPCM also recorded an increase in profit of IDR 119.78 billion, up 17.81% from 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 respective 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 IDR 1.49 trillion in 9M-2022 to IDR 1.55 trillion in 9M-2023.

IPCM Main Director, Shanti Puruhita, explained that he was optimistic that Indonesia’s stable economic growth would continue to stimulate and increase the flow of trade and logistics transportation, so that IPCM’s income in 2023 would grow as expected.

“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 will be in accordance with the company’s previously determined work plan and budget,” added IPCM Director of Finance and Human Resources, Reini Delfianti in response to the company’s performance achievements over the last nine months.

The commercialization of the IPCM business can also be seen from the various signings of IPCM collaborations with partners which also 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 Jasa Maritime Sub Holding for the entire Regional 2 area of PT Pelabuhan Indonesia (Persero).

“The extension of the IPCM service cooperation agreement to strategic partners reflects our commitment to continue to meet the expectations of service users and improve and improve service quality for better customer satisfaction,” added Shanti.

Apart from carrying out sustainable business, IPCM also continues to carry out company operational activities by integrating ESG (Environmental, Social and Governance.

IPCM prioritizes environmentally friendly principles through a commitment to using alternative environmentally friendly ship fuel Biosolar B30 which relatively reduces carbon emissions as a form of reducing negative impacts due to fuel residue.

Apart from that, IPCM also uses a shore connection, namely electrical power from land to the ship to support the ship’s electrical power needs when it is not operating. The construction of 3 guided motorbikes which will be completed in early 2023 also has a go green concept which can be developed using a solar power generation system supported by an auxiliary engine, with batteries as a storage container for the electricity source to be further used for lighting, navigation and communication equipment. , pumps and other electrical equipment.

“During the nine months of 2023, IPCM won a multitude of prestigious awards,” said Director of Fleet and Operations, Muhammad Iqbal.