Blue Bird Taxi Company Owned By Conglomerate Purnomo Prawiro Earns IDR 126 Billion Profit In The First Quarter Of 2023

Photo: Doc. Antara

JAKARTA - PT Blue Bird Tbk or Bluebird, the taxi company owned by conglomerate Purnomo Prawiro recorded an increase in net profit of 164 percent in the first quarter of 2023 to Rp126 billion compared to the first quarter of 2022 which amounted to Rp48 billion.

Bluebird President Director Sigit Djokosoetono said the results of the positive performance record towards the age of 51 in the company could not be separated from Bluebird's alertness in meeting the mobility needs of the community.

"We are grateful to be able to continue to record the company's positive performance," said Sigit in an official statement in Jakarta, quoted from Antara, Friday, April 28.

He explained that this positive performance record cannot be separated from the reopening of community mobility and the transformation carried out by the company in a sustainable manner to answer the increasingly dynamic needs of the community. At the beginning of this year, the company's operations were also supported by the number of additional 1,000 fleets for all company mobility services.

This net profit is inseparable from the realization of revenue up to Rp1,046 trillion or 55 percent higher than the same period the previous year (year-on-year/yoy) which amounted to Rp674 billion.

In line with revenue growth, Bluebird also posted an increase in company profit before interest, tax, depreciation, and amortization (Earning Before Interest Tax, Depreciation, and Amortization/EBITDA) almost doubled to Rp283 billion from Rp149 billion.

Sigit said that his party remains focused on providing reliable mobility services through various initiatives that are present from the company's transformation, namely easy access, ease of payment methods, and diversity of mobility solutions with community needs.

Most recently, the issuer, which has a BIRD stock code, launched the sixth generation of the MyBluebird application which brings convenience from various new features. The increase in fleet number and utilization is also part of the company's activities.

During the first quarter of this year, the taxi service segment grew 54 percent (yoy) and contributed 76 percent to total revenue, and became the largest revenue contributor to the taxi company with the blue bird logo.

Meanwhile, in the rental segment business, bus rental (bus charter), delivery and intercity pick-up services (intercity shuttle), and others also increased by 58 percent (yoy).

On the other hand, he revealed that the sustainability factor was also the company's focus. Since the launch of the Bluebird Sustainability Vision, the company has continued to carry out initiatives in supporting BlueSky, BlueLife, and BlueCorps Sustainability Vision pillars.

BIRD has also increased the number of electric fleet charging facilities, which now number 23 units in Jakarta and six units in Bali to support the operation of more than 150 electric fleets.

"Bluebird will continue to carry out initiatives that can support the creation of better environmental and social quality, because we believe that realizing this requires support from each party, including from Bluebird," he said.