BUMD DKI Jakarta Great Ancol Development, Mr. Anies! Income Down But Can Fix Losses

One of the areas in Ancol Dreamland Park. (Photo: Doc. Antara)

JAKARTA - PT Pembangunan Jaya Ancol Tbk (PJAA) is quite lucky. In the midst of a decrease in visitors due to restrictions on activities due to COVID-19, the company was able to reduce its losses.

Based on the financial report published Thursday, February 24, the DKI Jakarta Regional Owned Enterprise (BUMD) recorded a loss of IDR 275.02 billion at the end of 2021. This record improved compared to the loss value in 2020 of IDR 392.83 billion.

One of the factors driving the improvement in this loss was the company's cost of revenue and direct expenses which also fell. The value is IDR 289.45 billion from the previous IDR 364.17 billion.

On the other hand, PJAA's operating income fell 6.03 percent from Rp.414.18 billion to Rp.389.34 billion.

In accordance with the impact of restrictions on community activities, ticket revenues for tourist rides and gates fell by a maximum or minus 8.3 percent to Rp217.73 billion. Meanwhile, other business income such as from kiosk rental, sponsorship, building management and others decreased 5.7 percent to Rp391.41 billion.

Fortunately, the company has another source of income, namely from the hotel and restaurant business, which grew 10.95 percent to Rp. 39,509 billion.

Ancol Development Management said that the COVID-19 pandemic in 2020 had caused a global and domestic economic slowdown and had a significant impact on the company's business and business continuity. Although this disruption is expected to be temporary, there is considerable uncertainty regarding the extent of its impact on operations and financial performance.

"Currently, the significant impact experienced by the company is the decrease in the number of visitors due to the limitation of the daily visit quota, which is reflected in the decrease in ticket revenue," said Ancol Development management.