Pelindo's Net Profit Grew by 46% in Q1 2022

Economics & Macro

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Reza Pahlevi 12/05/2022 15:20 WIB

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Pelindo recorded revenue of Rp7.1 trillion until Q1 2022. This revenue grew by 7% year-on-year (yoy).

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Pelindo's Net Profit Grew by 46% in Q1 2022

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Pelindo Financial Performance (Q1 2022)

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PT Pelabuhan Indonesia (Persero), or Pelindo, recorded positive growth in both operational and financial performance in the first quarter of 2022.

Pelindo recorded revenue of Rp7.1 trillion until the first quarter of 2022. This revenue grew by 7% year-on-year (yoy).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed a 7% (yoy) growth, reaching Rp2.2 trillion. This revenue growth resulted in a 46% (yoy) surge in net profit to Rp670 billion.

Passenger traffic increased by 38% (yoy) throughout the first quarter of 2022. Pelindo recorded 2.5 million passengers.

Furthermore, container traffic increased by 2% (yoy), and general cargo traffic increased by 8% (yoy).

Since the merger, Pelindo has transferred shares to its subsidiaries, according to their respective clusters. These clusters are Subholding Terminal Petikemas (SPTP), Subholding Pelindo Multi Terminal (SPMT), Subholding Pelindo Jasa Maritim (SPJM), and Subholding Pelindo Solusi Logistik (SPSL).

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."

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Pelindo's Net Profit Grew by 46% in Q1 2022

Pelindo's Net Profit Grew by 46% in Q1 2022

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Pelindo's Net Profit Grew by 46% in Q1 2022

Pelindo's Net Profit Grew by 46% in Q1 2022

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