IPCM Reveals Expansion Plans at Patimban Port

JAKARTA, KOMPAS.comPT Jasa Armada Indonesia Tbk (IPCM) plans to expand its business, provide ship delay and guidance services in the Patimban Port area, Subang, West Java.

In the Public Expose, Friday (20/11/2020), President Director of Indonesian Armada Services Amri Yusuf said that currently the expansion is still in the process of further discussion.

However, the company is aggressively pursuing a number of new contracts in 2021.

“For Patimban we are also interested there, and this is still in process. Hopefully IPCM can contribute there and be trusted to work on the Patimban project, “said Amri in a virtual press conference.

Also read: USD 2.1 billion surplus repayment balance sheet

Amri said, a number of new contracts that are currently in process are expected to be executed in 2021.

However, he did not specify the details of a number of new contracts with these partners.

For information, in the third quarter of 2020, the company’s revenue grew 1.3 percent by Rp. 510 billion, an increase compared to last year’s Rp. 491 billion.

The revenue obtained from the ship delay service business was Rp 448.4 billion, an increase of 2.3 percent over the same period last year.

Furthermore, the company’s revenue from scouting services was Rp 17.7 billion, an increase of 76 percent compared to the same period last year.

Thus, in the third quarter of 2020, the company posted an operating profit of Rp 72.2 billion, down from Rp 72.8 billion in the same period last year.

The company recorded a net profit in the third quarter of 2020, growing 1.3 percent by Rp 69.7 billion, compared to last year’s Rp 68.2 billion.

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