Toll Road Users Increase Since Pandemic Loosened, Jasa Marga Aims For Income Outside Construction Of IDR 13.38 Trillion

JAKARTA - President Director of PT Jasa Marga (Persero) Tbk Subakti Syukur targets non-construction business revenues to reach IDR 13.38 trillion in 2022. This target is in line with the increase in the number of toll road users after the COVID-19 pandemic subsides.

"This target is accompanied by non-construction operating expenses which are projected to reach IDR 7.75 trillion and a net profit attributable to the parent company of IDR 98.2 billion," said Subakti in a Hearing Meeting with Commission VI DPR RI, quoted by Antara, Monday 27 June.

Throughout 2021, Jasa Marga recorded a net profit of IDR 1.62 trillion, an increase of 222 percent from 2020, with operating revenues reaching IDR 11.78 trillion, or growing 22.8 percent from the 2020 achievement.

Meanwhile, until the first quarter of 2022, Jasa Marga recorded a net profit of IDR 392.8 billion, an increase of 142.7 percent year on year.

"This far exceeded the plan, because the realized toll revenue was 3.2 percent above the plan in line with the increase in traffic volume," he said.

The net profit was also obtained due to non-construction operating expenses which were successfully streamlined by 9.2 percent, interest expense which was reduced to 26.5 percent below the plan through credit refinancing, and Bank Indonesia's interest rate which had not yet increased.

Subakti explained, to maximize the achievement of 2022 performance, the company focuses on maintaining the company's financial ratios and health through a number of strategies in their 3 business lines.

"We also focus on streamlining operating expenses, improving capex control by managing project completion schedules, and optimizing business portfolios," he said.