Jasa Marga's Revenue Falls 19.64% in Q1 2021

Cindy Mutia Annur 29/06/2021 17:50 WIB

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PT Jasa Marga Tbk (JSMR) reported total revenue of Rp3.49 trillion in Q1 2021. This represents a 19.64% decrease year-on-year (yoy) compared to the same period in the previous year.

Jasa Marga's Total Revenue for Q1 2019-2021

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Jasa Marga's Revenue Falls 19.64% in Q1 2021

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Jasa Marga's Total Revenue for Q1 2019-2021

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PT Jasa Marga Tbk (JSMR) reported total revenue of Rp3.49 trillion in Q1 2021. This represents a 19.64% decrease year-on-year (yoy).

Based on disclosures to the Indonesia Stock Exchange (BEI) on Tuesday (June 29th), Jasa Marga's most significant revenue decline was in construction revenue, which plummeted 96.05% to Rp736.73 billion from Rp1.4 trillion.

Meanwhile, toll road revenue grew slightly by 0.35% yoy to Rp2.54 trillion. A similar increase was seen in other operating revenue, which rose 6.4% to Rp215 billion.

Jasa Marga's total quarterly revenue has been declining since 2019. Total revenue in 2019 was Rp7.63 trillion. In Q2 2019, total revenue increased to Rp13.83 trillion. Then, in Q4 2019, total revenue nearly doubled compared to the previous two quarters.

Jasa Marga is a State-Owned Enterprise (SOE) in Indonesia operating in the toll road management sector. The company was established on March 1, 1978, after the completion of the first toll road connecting Jakarta and Bogor.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."