Blue Bird Records Rp2.09 Trillion in Revenue in the First Half of 2023, Showing Strong Growth

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Nabilah Muhamad 04/08/2023 12:06 WIB

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PT Blue Bird Tbk's revenue increased by 35.13% to Rp2.09 trillion in the first half of 2023. This was accompanied by a 77.48% increase in net profit to Rp259.45 billion.

PT Blue Bird Tbk's Revenue and Profit for the First Semester (2022-2023)

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Blue Bird Records Rp2.09 Trillion in Revenue in the First Half of 2023, Showing Strong Growth

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PT Blue Bird Tbk's Revenue and Profit for the First Semester (2022-2023)

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PT Blue Bird Tbk recorded positive performance in the first half of 2023, booking revenue of Rp2.09 trillion, a 35.13% increase year-on-year (yoy).

Blue Bird's revenue in the first half of this year was largely supported by taxi services, amounting to Rp1.58 trillion. This figure increased by 30.52% yoy from Rp1.21 trillion in the previous period.

In line with the increase in revenue, Blue Bird also recorded an increase in direct costs, reaching Rp1.42 trillion, or a 28.96% increase (yoy).

The details show that the largest direct cost came from salaries, allowances, and driver expenses, amounting to Rp584.02 billion. Fuel costs amounted to Rp431.31 billion, and depreciation costs reached Rp249.04 billion.

As a result, net profit attributable to the parent entity soared by 77.48% to Rp259.45 billion in the first half of 2023.

"The positive performance is clear evidence of Blue Bird's success in maintaining consistent service, continuously balanced with innovations that support relevance to the public's mobility needs," said Blue Bird President Director Andrianto Djokosoetono in his official statement, as reported by Liputan6 on Tuesday (1/8/2023).

From the balance sheet, the company with the stock code BIRD recorded liabilities of Rp1.9 trillion, a 23.83% increase from Rp1.54 trillion in December 2022.

The company's equity reached Rp5.43 trillion, a 1.54% increase (yoy).

Company assets also increased by 6.53% to Rp7.35 trillion in the first half of 2023, from Rp6.89 trillion in December 2022.

(See also: Garuda Indonesia Still Records Rp1.16 Trillion Loss Until the First Half of 2023)

Editor : Erlina Fury Santika

"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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Blue Bird Records Rp2.09 Trillion in Revenue in the First Half of 2023, Showing Strong Growth

Blue Bird Records Rp2.09 Trillion in Revenue in the First Half of 2023, Showing Strong Growth

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Blue Bird Records Rp2.09 Trillion in Revenue in the First Half of 2023, Showing Strong Growth

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