JAKARTA. PT Temas Tbk (TMAS) booked net profit of IDR 1.27 trillion in 2022, 1.5 times higher than IDR 506.9 billion observed in 2021.

TMAS’s net profit growth in 2022 was supported by its services that generated IDR 4.87 trillion of revenue. According to the recently released financial report, the revenue from the services segment rose 44.8% year-on-year (yoy).

Looking at its business lines, the shipping services contributed the most to TMAS’s revenue in 2022, bringing in IDR 4.89 trillion in total. Meanwhile, the revenue from the stevedoring service was recorded at IDR 545.67 billion.

The whole portion of stevedoring revenue of TMAS in 2022 was generated by domestic users, whereas the shipping service received revenue from international users worth IDR 754.45 billion in 2022.

Until December 31, 2022, TMAS’s total assets clocked up to IDR 4.4 trillion, while its total equity clocked up to IDR 2.23 trillion. (KR/ZH)