Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

Jasa Marga to set aside 20 percent of profit as dividends

  • Stefanno Reinard Sulaiman
    Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta | Wed, April 11, 2018 | 10:35 am
Jasa Marga to set aside 20 percent of profit as dividends Vehicles pass through Bogor toll gate in West Java on March 13. (Antara/Arif Firmansyah)

State owned toll road operator PT Jasa Marga announced on Tuesday that it would set aside 20 percent of its 2017 net profit, or Rp 440 billion (US$31 million), as dividends for its shareholders.

The latest financial report shows that the company booked a Rp 2.2 trillion net profit, 16 percent higher than in 2016, and Rp 35.09 trillion in revenue in 2017, a 110 percent increase from the previous year’s figure.

“We hope this year's revenue will exceed [the 2017 figure], particularly from our investments in toll roads,” Jasa Marga president director Desi Arryani told journalists after a shareholders meeting in Jakarta.

Desi added that in 2018, the company will focus on completing the Trans-Java toll road, especially the Batang-Semarang, Solo-Ngawi and Salatiga-Kartasuro sections.

“We also expect to finish our toll-road project in Sumatra, namely the Medan-Kualanamu-Bukit Tinggi section,” she added.

The company also plans to double the length of toll road that is in operation from 680 kilometers to 1,260 km by 2019.

Jasa Marga’s secretary Agus Setiawan explained further that the company planned to collect Rp 11.6 trillion in revenue, around 30 percent higher than last year’s figure. (bbn)

Join the discussions