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View all search resultsPelindo II enjoys surge in revenue, profit
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Workers carry out loading activities at Tanjung Priok Port in North Jakarta. (Antara/Rivan Awal Lingga)
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tate-owned port operator PT Pelindo II has recorded a surge in its revenue, profit and container traffic in the first quarter of this year, attributing the achievement to the improving economy.
In the January-March period, the company booked Rp 2.3 trillion (US$172.4 million) in revenue, up by 21 percent from Rp 1.9 trillion in the corresponding period last year, while its earnings before interest, tax, depreciation and amortization (EBITDA) increased by 3.4 percent to Rp 908 billion.
"It is directly related to the improvement in the Indonesian economy, as well as the trade domestic flow," Pelindo II president director Elvyn G. Masassya told reporters on Thursday.
(Read also: Pelindo II to build new ports, go digital)
Pelindo II operates a dozen ports in western Indonesia, including North Jakarta’s Tanjung Priok, the country’s busiest.
He said that it is also related to the surge in container traffic volume, which jumped to 1.71 million total equivalent units (TEUs) from 1.44 million TEUs last year.
Meanwhile the surge is also seen in its non-container cargo traffic, which increased by 7.06 percent to 7.88 million tons. (hwa)
