Blue Bird, Taxi Company Owned By Purnomo Prawiro Conglomerate Earns Revenue Of IDR 3.59 Trillion In 2022

Blue Bird Building. (Photo: Wikimedia Commons)

JAKARTA - Taxi company owned by conglomerate Purnomo Prawiro, PT Blue Bird Tbk (BIRD) posted an increase in revenue and net profit performance throughout 2022.

In the company's financial report, quoted on Friday, March 31, BIRD recorded an increase in revenue of 61.65 percent to IDR 3.59 trillion in 2022. This revenue rose from IDR 2.22 trillion in 2021.

BIRD's revenue increase was driven by revenue from taxis worth IDR 2.78 trillion, up 71.99 percent compared to 2021 which amounted to IDR 1.62 trillion. Meanwhile, non-tactic income was IDR 803 billion, up 32.77 percent from IDR 604.8 billion.

This increase in revenue also increased BIRD's direct expenses to Rp2.51 trillion. This direct burden increased 45.79 percent from Rp1.72 trillion on an annual basis or year-on-year (yoy).

Although direct expenses increased, BIRD's gross profit rose 117.11 percent to Rp1.07 trillion, from Rp493.9 billion. With the increase in gross profit, BIRD's net profit also increased to Rp358.3 billion.

This net profit rose 4.545.5 percent compared to 2021 which amounted to IDR 7.7 billion.

Until the end of 2022, BIRD's total assets were recorded to have increased to IDR 6.89 trillion, up from IDR 6.59 trillion at the end of 2021.

Total BIRD literature also rose to IDR 1.54 trillion as of December 31, 2022, up from IDR 1.45 trillion in 2021. Meanwhile, BIRD's total equity rose from IDR 5.14 trillion at the end of December 2021, to IDR 5.35 trillion at the end of December 2022.