Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

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Erlina Fury Santika 11/05/2023 16:57 WIB

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Jasa Marga's net profit increased by 26.7% year-on-year (yoy) to Rp497.6 billion in Q1 2023.

Net Profit of PT Jasa Marga Persero Tbk. (Q1 2020 - Q1 2023)

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Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

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Net Profit of PT Jasa Marga Persero Tbk. (Q1 2020 - Q1 2023)

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PT Jasa Marga (Persero) Tbk. recorded a net profit attributable to the parent entity of Rp497.56 billion in the first quarter (January-March) of 2023. This figure represents a 26.7% year-on-year (YoY) increase from Rp392.8 billion in the same period of the previous year.

The increase in net profit is due to higher revenue. Toll road revenue reached Rp3.01 trillion in Q1 2023, up from Rp2.93 trillion YoY.

Other operating revenue reached Rp372.19 billion, up from Rp257.82 billion YoY.

The most significant increase was in the construction sector, reaching Rp1.05 trillion in 2023, compared to Rp472.9 billion YoY.

Jasa Marga attributes this positive performance to increased public mobility following the lifting of the Community Activity Restrictions (PPKM) at the end of 2022.

"This positive performance improvement is also reflected in the achievement of operating income, which is a contribution from toll revenue performance, other operating income, EBITDA, and EBITDA margin realization," Jasa Marga wrote on its official Instagram account on Wednesday (May 10, 2023).

Year-on-year, net profit has been increasingly positive. In Q1 2021, the state-owned company's net profit plummeted to only Rp161.83 billion. In Q1 2020, net profit was significantly higher at Rp547.96 billion.

As of Q1 2023, Jasa Marga's assets are recorded at Rp89.65 trillion. Its liabilities amount to Rp63.56 trillion, and its equity is Rp26.08 trillion.

(See also: Adhi Karya's Profit Increases Despite Revenue Decline in Q1 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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Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

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Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

Jasa Marga Records Rp497.6 Billion Net Profit in Q1 2023, Up 26.7%

Tags

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Construction Cost Index of Soppeng Regency, South Sulawesi Reaches 95.61 Points in 2025

Construction Cost Index for Talaud Islands Regency, North Sulawesi Reaches 119.86 Points in 2025

Kupang City, East Nusa Tenggara Construction Cost Index Reaches 85.06 Points in 2025

Construction Cost Index of Malaka Regency, East Nusa Tenggara Reaches 78.34 Points in 2025

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