JAKARTA – The performance of PT Humpuss Intermoda Transportasi Tbk (HITS) was seen improving in 2022 after weakening during the earlier period of COVID-19 pandemic. In 2022, the company scored USD 11.28 million of profit, soaring from a loss of USD 12.90 million seen in 2021.

The data compiled by IDNFinancials today (26/4) showed that the profit surge resulted from the increased revenue to USD 112.23 million in 2022 from USD 84.99 million seen in 2021. The increased performance was also seen in the gross profit, shifting from USD 13.54 million to USD 30.54 million. Its operating profit also proliferated to USD 17.35 million from the operating loss in 2021 of USD 7.05 million.

In 2020, HITS’s revenue was at USD 90.25 million, while its gross profit reached USD 28.71 million. Its operating and net profit both were recorded at USD 12.83 million and USD 7.31 million. These numbers weakened due to the decreased activities of transportation services during the COVID-19 pandemic.

In 2019, it managed to record net profit of USD 13.06 million, a quite impressive number given its revenue in 2019 was smaller than the 2020 revenue, reaching USD 86.25 million. Then, the operating profit and profit before taxes were seen at USD 19.80 million and USD 14.93 million, respectively. (LK/ZH)