Recording Positive Performance, Pelindo Revenue Reaches IDR 7.1 Trillion In The First Quarter Of 2022

JAKARTA - PT Pelabuhan Indonesia (Persero) or Pelindo recorded positive growth in the company's operational and financial performance in the first quarter of 2022. In which revenue in March 2022 reached IDR 7.1 trillion or an increase of 7 percent year on year (yoy).

"Along with economic growth that is getting better. As well as the ongoing transformation within the company, we are optimistic that Pelindo's performance will continue to improve and be able to meet the expectations of shareholders," said Pelindo President Director, Arif Suhartono, in a written statement received by VOI, Thursday, May 12.

Arif said, in these four months the flow of containers reached 4.2 million TEUS, an increase of 2 percent compared to the same period in 2021. Not only that, the flow of goods realized was 37 million tons, grew 8 percent compared to the previous year.

Meanwhile, the flow of ships in and out of ports reached 283 million GT or grew by 1 percent compared to the previous year. Meanwhile, the flow of passengers was also recorded at 2.5 million people, an increase of 38 percent compared to the previous year, in line with the increased activity and mobility of the post-pandemic community in the country.

"Financial performance also shows a positive trend, namely revenue in March 2022 reaching IDR 7.1 trillion or an increase of 7 percent year on year (yoy)," he said.

Meanwhile, realized EBITDA was IDR 2.2 trillion, an increase of 7 percent yoy and net profit was recorded at IDR 670 billion, growing 46 percent yoy.

Entering six months after the merger of Pelindo, said Arif, the company has taken a number of corporate action steps, including the completion of Inbreng or the transfer of Pelindo shares in subsidiaries to Subholdings in accordance with their respective clusters, namely to the Container Terminal Subholding (SPTP), Pelindo Multi Subholding. Terminal (SPMT), Subholding Pelindo Maritime Services (SPJM), and Subholding Pelindo Logistics Solutions (SPSL).

This step is taken to sharpen Pelindo's core competence and business specialization after the merger, which is expected to lead to improvements in port services and connectivity, as well as port-hinterland value chain integration.

Each subholding will carry out its role, namely SPTP focusing on services from the container side; SPMT focuses on services for non-cargo goods; SPJM focuses on providing superior services to support the other three subholdings in terms of ship services, equipment, and other port services; and SPSL focuses on integrating the port-hinterland value chain and realizing more efficient trade flows.

"Pelindo will continue to strive to maintain the smooth flow of goods and passengers at the port through operational readiness 24 hours for 7 days, with reliable human resources, supported by technology and a renewable digitalization system to reach all port service activities," he said.