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Jakarta Post

Jasa Marga to set aside 20 percent of profit as dividends

  • 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)