JAKARTA. PT Humpuss Maritim Internasional Tbk (HUMI) booked net profit of USD 11.6 million throughout January-September (9M) 2023, shifting 33.7% yoy upwards.

Based on the recently issued financial report, HUMI’s net profit growth is promoted by its revenue surge, increasing 7.3% yoy to USD 73.9 million in 9M 2023.

Most of HUMI’s revenue in 9M 2023 came from boat rental business line, which generated USD 72.1 million. Meanwhile, revenue from vessel and crew management services contributed USD 1.7 million.

According to IDNFinancials data, HUMI was just recently listed on Indonesia Stock Exchange (IDX) in August 2023. The company managed to raise fresh funds of IDR 270.7 million from IPO.

Most of the IPO proceeds will be fully realised by mid-2024, as stated by Tirta Hidayat, President Director of HUMI. Overall, the company will allocate its IPO proceeds to promote business expansion plan.

“The company itself is targeting operating income growth of 83.0% and net profit growth of 21.0% within the next year or two, propelled by this business expansion plan,” Hidayat explained. (KR/ZH)