After Untung In Persons In Three Quarters, Blue Bird Is Increasingly Optimistic In Being Able To Improve Performance With The Appointment Of New Directors

EGMS Blue Bird. (Photo: VOI/Mery Handayani)

JAKARTA - PT Blue Bird Tbk is optimistic that its financial performance can grow along with the presence of a new director. It was Iraway Salim who replaced Eko Yuliantoro for submitting his resignation.

Irawati's appointment received approval from the Blue Bird Extraordinary General Meeting of Shareholders (EGMS) which took place on Thursday, November 10.

"With this new management structure, we hope to encourage the Company's performance in a better direction, while continuing to develop new innovations so that the company's performance continues to grow positively in line with the increasing demand for the market," said Blue Bird President Director Sigit Djokosoetono at a press conference at the Bluebird Group Office, Jakarta.

Sigit also said that after navigating the two years of the uncertain situation of the COVID-19 pandemic which resulted in the weakening of the transportation industry in Indonesia, the taxi company Bluebird recorded positive growth over the last four consecutive quarters.

Furthermore, Sigit explained this is a tangible manifestation of the toughness, dedication, commitment and integrity of all Bluebird people who brought the company to be more adaptive and resilient in the midst of all challenges. Sigit said, this situation made Bluebird learn to apply the values that formed the company to strengthen the company's fundamentals and managed to rise from adversity. "In the future, with all customers, employees, drivers and the community, we will continue to commit to providing added value and contributing to overseeing the transportation industry's climate in a more positive direction to share happiness with all stakeholders in order to build this country," he said. Financial Performance In the midst of market uncertainty and economic challenges, Blue Bird managed to book net income after taxes in three quarters of 2022 amounting to IDR 2.51 trillion, which skyrocketed by 73 percent from the same period the previous year of IDR 1.45 trillion.

Blue Bird also managed to achieve net profit growth of 498 percent year on year (yoy) to IDR 260.63 billion after previously experiencing a net loss of IDR 66 billion in the same period in 2021. Not only that, Blue Bird also managed to improve the company's operational performance which was reflected in the increase in EBITDA by up to 156 percent yoy. The achievement of positive financial performance shows the Company's strength persists and even rises through the crisis. "The performance growth was influenced by the normal mobility of the community and various Company's business strategies including fundamental strengthening, engagement approach, and careful improvement of Mobility as a Service (MaaS) services through Multi-Product/service strategies, Multi-Channel, Multi-Payment," he said.