PT Jasa Armada Indonesia Tbk (IPCM) released its Annual Public Exposure for 2023 on November 30, 2023. The public exposure was presented by the President Director of IPCM, concurrently the Director of Commercial and Business Development, Shanti Puruhita, the Director of Fleet and Operations, Muhammad Iqbal, and the Director of Finance and HR, Reini Delfianti.
In the financial report for 9M-2023, IPCM recorded positive performance, with a 27.87% increase in revenue to Rp858.11 billion compared to the same period the previous year (Rp671.05 billion). Net profit also increased by 17.81%, reaching Rp119.78 billion compared to Rp101.67 billion (YoY).
The main contribution to IPCM’s revenue came from ship service, reaching Rp756.28 billion or 88.13% of total revenue. Transportation services and others contributed Rp70.33 billion (8.19%), while ship management services amounted to Rp31.50 billion (3.67%).
Revenue from ship towage services involved public ports amounting to Rp326.02 billion, Special Terminals (Tersus) amounted to Rp227.47 billion, and Terminals for Own Use (TUKS) amounted to Rp163.72 billion. Tersus revenue increased by 73.74%, while TUKS experienced an increase of 34.99% compared to the 2022 period.
Cost of revenue increased by 32.95% from Rp480.68 billion to Rp639.09 billion, mostly due to the increase in oil prices. Nevertheless, IPCM successfully recorded a 20.47% increase in operating profit, reaching Rp144.95 billion compared to Rp120.33 billion in the previous year. IPCM’s total assets also experienced an increase of 3.91%, rising from Rp1.49 trillion in 9M-2022 to Rp1.55 trillion in 9M-2023. IPCM President Director, Shanti Puruhita, expressed optimism about Indonesia’s stable economic growth, which is expected to drive trade and logistics transportation, in line with IPCM’s revenue expectations in 2023.
During the nine months of 2023, IPCM actively engaged in business commercialization, signing long-term agreements with various partners, such as PT Cemindo Gemilang Tbk., PT Nusantara Regas, PT Jawa Satu Power, PT Cirebon Electric Power, PT Cirebon Energi Prasarana, PT Lang Lang Laju Layang, and PT Pelabuhan Bukit Prima. Additionally, IPCM has also signed a cooperation agreement related to pilotage and delay services with the Sub-Holding Pelindo Jasa Maritim for the entire region of Regional 2 of PT Pelabuhan Indonesia (Persero).
IPCM also demonstrated a commitment to sustainable business practices by integrating ESG (Environmental, Social, and Governance), especially in the use of environmentally friendly ship fuel and the use of shore connection for electricity.
IPCM Finance and HR Director, Reini Delfianti, also responded to the company’s performance achievements in the last nine months. Delfianti expressed gratitude to everyone involved in the positive achievements in Q3 2023 and hoped that the company’s performance for this year would align with the previously established work plan and budget of the company.
In addition, in terms of awards, Fleet and Operations Director, Muhammad Iqbal, mentioned that during the nine months of 2023, IPCM achieved numerous prestigious awards. Overall, IPCM recorded positive growth in various aspects, including revenue, profit, and assets, while also demonstrating a focus on environmental and social responsibility and a commitment to sustainable business practices.
