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Port operator Pelindo II books Rp 1.5t profit in Q3
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French container ship CMA CGM Otello, the biggest to ever dock in Indonesia, is seen at Tanjung Priok Port on Apr. 23. (The Jakarta Post/Stefani Ribka)
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tate-owned port operator PT Pelindo II, also known as the Indonesia Port Corporation, recorded an 8.4 percent profit increase to Rp 1.55 trillion (US$112.3 million) in the third quarter of 2017, up from Rp 1.43 trillion in the same period last year.
The company’s revenue also grew by 19.6 percent to Rp 7.62 trillion, compared to 6.37 trillion last year.
The improved performance was pushed by a 21.7 percent increase in ship traffic at the ports under its management, said Pelindo 2 president director Elvyn G. Massasya in Bandung on Tuesday.
He added that the container and noncontainer traffic also increased by 10.8 percent and 3.1 percent, respectively.
“This shows that the economic activity in the country is increasing, because more goods are now shipped overseas [through Pelindo II’s ports],” Elvyn said.
Read also: Pelindo II to lure more international cargoesFurthermore, he said the company was confident that it would be able to achieve its annual revenue target of Rp 10.56 trillion, even though up to September, it had only garnered 61 percent of the total target.
“We are optimistic because the ports’ traffic usually increases in the fourth quarter. More people will export, and therefore, we will serve more users,” he said.
The operator, in fact, had also set a higher revenue target for 2018, which is at Rp 11.5 trillion, Elvyn stated. (bbn)
