JAKARTA. PT Blue Bird Tbk (BIRD) has prepared a capital expenditure (capex) budget of IDR 2 trillion this year to add a new fleet.

Adrianto Djokosoetono, Deputy Main Director of BIRD, said that the new fleet that will be added by the company is electric vehicles. The number of electric vehicles that will be purchased with the capex budget is around 200-500 units.

"We haven't looked at the subsidy factor for electric vehicles, but the budget to buy them has been prepared that way," said Djokosoetono.

Djokosoetono added that one of the plus points for electric vehicles is that they have lower operating costs. He estimates that the company's operational costs can be reduced by up to 60%, when compared to conventional vehicles.

Up to the third quarter (9M) of 2022, BIRD posted a net income of IDR 2.51 trillion. Revenue in this period increased by around 73% from the same period the previous year.

Meanwhile, BIRD's net profit in 9M 2022 was recorded at IDR 260.63 billion. In the same period the previous year, the company suffered a loss of up to IDR 66.19 billion. (KR/LM)