Up 43.45 Percent, Pertamina Trans Kontinental Earns IDR 1.05 Trillion Profit Throughout 2023

President Director of PTK, I Ketut Laba. (Photo: Instagram/@pertaminatranskontinental)

JAKARTA - PT Pertamina Trans Kontinental (PTK) again recorded positive performance throughout 2023 by posting a net profit of IDR 1.05 trillion.

The increase in PTK's profit reached 43.45 percent from 2022, which was Rp733.03 billion and made history for the first time touching a figure above 1 trillion.

The percentage of income obtained by a subsidiary of PT Pertamina International Shipping (PIS), Subholding Integrated Marine Logistics (SH IML) from the marine services business segment is 55.83 percent, followed by shipping activities of 38.51 percent, and third from logistics services of 5.66 percent.

EBITDA in 2023 achieved IDR 2.23 trillion or 178.40 percent of the 2023 RKAP and 131.73 percent yoy targets from the realization of EBITDA in 2022. PTK also recorded total Assets for the 2023 financial year of IDR 9.02 trillion with 369 ships.

In terms of operations, PTK is able to optimally utilize owned ships and increase fleet reliability by achieving commercial days of owned ships (including BBTC ships) of 121,916 days or 8.08 percent over from the RKAP 2023 target of 112,802 days.

Meanwhile, the President Director of PTK, I Ketut Laba stated that under PTK's positive performance in 2023, of course, cooperation and contributions from various parties, both internal and external, companies. Also the implementation of various business strategies with improvement, breakthrough and cost optimization. Also run governance and digital transformation programs and work culture.

Even though the challenges and conditions of market marine services downstream are stagnant, PTK has succeeded in maintaining growth and smooth operation. We were able to deliver services with good reliability. As well as optimize the synergy between companies within Pertamina," concluded I Ketut Profit.