JAKARTA - PT Jasa Marga (Persero) Tbk (JSMR) posted a net profit in the first quarter of 2023 of IDR 497.6 billion, an increase of 58 percent compared to the same period in 2022.
"Jasa Marga has succeeded in opening the first quarter of 2023 with positive performance in line with the increase in community mobility after the lifting of the Community Activity Restrictions (PPKM) at the end of 2023," said Jasa Marga's Corporate Communication and Community Development Group Head Lisye Octaviana in a statement in Jakarta, Saturday.
Lisye said that the company's positive performance improvement was also reflected in the achievement of operating income of IDR 3.4 trillion or grew 6 percent, which was a contribution from the toll revenue performance of IDR 3.0 trillion, which increased 2.7 percent from the first quarter of 2022 and the contribution of other operating income performance of IDR 372.2 billion, an increase of 44.4 percent from the same period in the previous year.
The company's EBITDA realization was also maintained, reaching Rp2.2 trillion, with the realization of an EBITDA margin above 60 percent, reaching a level of 64.3 percent amid the operation of new toll roads and increasing community mobilization which became a positive catalyst for the increase in the volume of the Company's traffic.
Until the first quarter of 2023, the Company still holds the position of market leader in the toll road industry with a total length of Jasa Marga Group toll roads that have operated 1,260 km which represents 50 percent of toll roads operating throughout Indonesia.
Meanwhile, the total toll road concessions owned by the company in the same period are 1,736 km throughout Indonesia. The number of concessions includes the addition of the 37.05 km Patimban access toll road managed by PT Jasamarga Access Patimban (JAP) which is a Toll Road Business Entity (BUJT) of the BUMN-wasta-BUMD consortium.
In terms of toll road development, in the first quarter of 2023 Jasa Marga also held the groundbreaking of the Probolinggo-Banyuwangi Toll Road which is the final section of the Trans Java toll road network that connects the west end to the east end of Java Island.
With the implementation of this groundbreaking, the construction of the Probolinggo-Banyuwangi Toll Road for the Probolinggo-Besuki Section has begun in phase I which is divided into 3 packages of construction work, namely Package 1 Gending to Kraksaan (12.88 km), Package 2 Kraksaan to Paiton (11.20 km) and Package 3 Paiton to Besuki (25.60 km).
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