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Angkasa Pura II profits drop 15% due to higher operating costs
Airport operator PT Angkasa Pura (AP) II saw a 15 percent decline in its net profits last year from the year before, due to higher operating costs resulting from terminal development at several airports
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irport operator PT Angkasa Pura (AP) II saw a 15 percent decline in its net profits last year from the year before, due to higher operating costs resulting from terminal development at several airports.
Losses at six airports it managed also contributed to the net profit decline, the company said in a statement released on Wednesday.
'We have built new terminals at several airports, including Sultan Syarif Kasim II International Airport in Pekanbaru, Riau, and Raja Haji Fisabilillah Airport in Tanjung Pinang, Riau Islands,' president director Tri Sunoko said in the statement.
The state-owned company's net profits stood at Rp 1.032 trillion (US$90.42 million) last year, 15 percent lower than the Rp 1.219 trillion it made the previous year, Sunoko said.
The airport operator's net profits were eroded by the its operating costs, which rose 16.7 percent to
Rp 2.94 trillion in 2013, from Rp 2.52 trillion in 2012.
The company's revenue remained nearly flat at Rp 4.2 trillion last year, compared to Rp 3.99 trillion a year before.
Sunoko said 67 percent of the firm's revenue came from the company's air traveler service and aviobridge businesses, as well as aircraft landing fees, while the company earned the remaining 31 percent revenue from its non-aeronautical business.
Also attributable to the company's lower net profits were six airports under its management that recorded net losses last year due to persistently low aircraft traffic and low passenger numbers, the statement said.
The airports in question were Sultan Iskandar Muda International Airport in Aceh, which suffered net losses of Rp 27.32 billion; Minangkabau Airport in Padang, West Sumatra, with losses of Rp 10.12 billion; Sultan Mahmud Badaruddin II International Airport in Palembang, South Sumatra, with losses of Rp 9.9 billion; Halim Perdanakusuma Airport in Jakarta with losses of Rp 14.1 billion; Raja Haji Fisabilillah Airport in Tanjung Pinang with losses of Rp 18.11 billion, and Sultan Thaha airport in Jambi with losses of Rp 4.12 billion.
However, Sunoko did not explain in the statement, however, as to why the six airports posted losses.
Meanwhile, the company made profits at six other airports last year.
They were Soekarno-Hatta International Airport in Tangerang, Banten, which made a profit of
Rp 2.1 trillion; Kuala Namu International Airport in Deli Serdang, North Sumatra, with a profit of Rp 71 billion; Husein Sastranegara International Airport in Bandung, West Java, with a profit of Rp 22.85 billion; Supadio Airport in Pontianak, West Kalimantan, with a profit of Rp 13.24 billion; Depati Amir Airport in Pangkal Pinang, Bangka Belitung, with a profit of Rp 801 million, and Sultan Syarief Kasim II airport in Pekanbaru with a profit of Rp 16.3 billion.
The company recorded 5 percent growth in the number of passengers at all airports it manages, from 82.01 million in 2012 to 86.34 million in 2013.
'Aircraft traffic also increased by 6 percent from 611,930 aircraft movements in 2012 to 647,343 movements in 2013,' Sunoko said.
