Maintain Positive Performance, ASDP Prints Net Profit Of IDR 637 Billion

Photo: Doc. ASDP

JAKARTA - PT ASDP Indonesia Ferry (Persero) again maintained a positive trend in financial performance throughout 2023.

This positive trend can be seen from the revenue (audited) which reached Rp5,032 trillion, and net profit of Rp637 billion.

ASDP President Director Ira Puspadewi revealed that the total income in normal conditions before COVID-19 in 2019 was IDR 3.328 trillion.

Ira said that the position increased 15 percent compared to the realization in 2022 of IDR 4.38 trillion.

"The achievement of net profit in 2023 is IDR 637 billion or 92 percent of the target, and has increased by 9 percent from profit in 2022 of IDR 585 billion. ASDP has again scored the highest profit in history," he said in an official statement, Thursday, June 6.

Ira said, the achievement of positive performance in 2023 contributed to the performance of crossings, both pioneer and commercial production, including passenger production reaching 6.51 million people or a decrease of 15 percent compared to the realization of 2022 of 7.6 million people.

Then, continued Ira, two- and three-wheeled vehicles were 4.18 million units, an increase of 2 percent from 4.08 million units, and four-wheeled vehicles or more reached 4.48 million units, an increase of 2 percent compared to the realization of 2022 of 4.40 million units, and charcoal reached 997,000 tons or a decrease of 50 percent when compared to the realization in 2022 of 2.01 million tons.

Furthermore, Ira said, since 2022 or after the COVID-19 endemic, there has been a shift in behavior from pedestrians to private vehicles or passenger vehicles.

So that there was an increase in the passenger's vehicle.

"In addition, positive performance is also supported by the cost control program through the efficiency measures shown by operating ratio 65.78 percent lower than 2022 by 66.89 percent," he explained.

Furthermore, continued Ira, the BOPO for 2023 is 88.65 percent or higher than in 2022 at 86.06 percent.

However, the company managed to increase its efficiency with financial control of the cost of business.

The company's liquidity ratio is in liquid condition and has the ability to fulfill all its short-term obligations. Furthermore, in 2023, ASDP also managed to record a positive EBITDA value of IDR 1.08 trillion," he said.

And last year, ASDP managed to get a rating from Pefindo with an AA+ rating for financial performance in 2022 with a stable outlook, where idAA+ is for the healthy level of BUMN which is equivalent to AAA or very healthy.

Then, for the performance of 2023 audited, they also received AA++ rankings or were declared healthy, from the Public Accounting Office.