Humpuss Maritime Earns 12.69 Million US Dollar Net Profit In 2023

Photo: Doc. Humpuss Maritime

JAKARTA - PT Humpuss Maritime International Tbk (HUMI) posted a net profit of 12.69 million US dollars in 2023, or an increase of 15.94 percent year on year (yoy) compared to 10.94 million US dollars in 2022.

Meanwhile, the company's gross profit was recorded at 29.15 million US dollars in 2023, or an increase of 9.53 percent (yoy) compared to 26.61 million US dollars in 2022.

HUMI President Director Tirta Hidayat in a statement in Jakarta, Tuesday, April 2, explained that net profit was supported by revenues worth 106.38 million US dollars in 2023, or an increase of 16.22 percent (yoy) compared to 91.53 million US dollars in 2022.

The company's revenue achievement was driven by the chemical transportation sector which increased by 305.29 percent (yoy) compared to the previous year.

"The significant growth in demand for ship needs for the transportation of chemicals such as sulfate and methanol has succeeded in encouraging revenue in this sector during 2023," Tirta said, quoted from Antara.

In addition, the revenue growth from the Marine Support sector of 70.41 percent (yoy) compared to 2022, has also become another positive catalyst during 2023.

"Increasing activities at ports in recent times, encouraging growth in demand for tugboats," said Tirta.

He explained that the trend of need for offshore chemical carriers and support vessels will continue to increase in the future as the need for methanol chemicals becomes the basic ingredient of Biodiesel, where the government wants to increase the percentage of Biodiesel mixtures for transportation fuels from 30 percent to 35 percent.

"Seeing the increase in the need for ships for sea transportation in recent times, for 2024 we are targeting 20 percent revenue growth, which will be driven by our line of business in the chemical sector," said Tirta.