JAKARTA. PT Indonesia Kendaraan Terminal Tbk (IPCC) booked net profit of IDR 78.92 billion in the first half (H1) of 2023, 78.92% higher year-on-year (yoy) from the same six-month period last year.

According to the recently released financial report, IPCC’s net profit surge is in line with the revenue increase in H1 2023. Operating revenue of IPCC was reported growing 21.37% yoy to IDR 366.96 billion.

Most of IPCC’s revenue in H1 2023 was generated by terminal services and port goods’ services, amounting to IDR 386.38 billion. Meanwhile, the remaining IDR 10.57 billion is a revenue coming from miscellaneous services, as well as facility business and utility.

Based on the geographic, Tanjung Priok port is the highest contributor for Pelindo’s revenue, covering IDR 34.153 billion in total. Then, Belawan port also brought in IDR 11.65 billion, followed by Makassar port of IDR 7.22 billion and Pontianak port of IDR 6.53 billion.

In today’s first session at the stock exchange, IPCC moved 25 points higher to IDR 775 per share. The volume of traded shares was seen at 2.42 million shares with the total transaction value of IDR 1.86 billion. Meanwhile, its net foreign buy was recorded at 327.9 thousand shares. (KR/ZH)