Public listed company PT Indonesia Kendaraan Terminal Tbk (IKT-IPCC), a Pelindo Multi Terminal Subholding (SPMT) subsidiary focusing on car terminal operation, enjoyed a 169.29% net profit increase in 2022. The company’s net profit reached Rp161,72 billion, the audited report said.
The report said IKT booked revenue of Rp726.57 billion, increasing 40.58% yearly from Rp516.84 billion in 2021. Among its income sources, the contribution from terminal services remained the highest, reaching Rp671.07 billion, increasing 40.35% YoY.
The other income sources also increased significantly. The cargo handling created Rp38.43 billion, an 18.06% increase YoY. The income from land, building rent, fresh water, and electricity sales reached Rp8.25 billion, a 614,99% YoY. And income from other sources reached Rp8.81 billion, increasing 76.90% YoY.
IKT expenses also recorded an increase. Operating cost increased by 19.19% (YoY) to Rp 379.73 billion, in line with increased activities in the terminal. On the other hand, General and Administration Expenses and Financial Expenses recorded an increase of 27.67% and 7.61% to Rp 88.90 billion and Rp 58.60 billion, respectively.
Commending these financial statements, IKT Financial and General Affairs Director Sumarno said: “Previously, we target to reach a net profit of Rp 130 to 150 billion. But, thanks that we exceeded the target.”
“Though the loading and unloading activities throughout 2022 have experienced a remarkable increase, we still carry out cost control and cost-effectiveness to control our expenses. Thus, of course, we can make our net profit grow better than the previous year. This can also provide added value not only to us internally but also to stakeholders, especially IKT shareholders or investors,” Sumarno said further.
