JAKARTA - PT Temas Tbk (TMAS) shows improvement in its performance in the third quarter of 2023, compared to the performance in the second quarter of 2023. However, compared to the same period in 2022, it was slightly corrected.

In the Q3 2023 Financial Report issued today (26/10), Faty Khusumo, President Director of Temas, confirmed that the revenue was recorded at IDR 3.22 trillion, declining 12.24% from the same period in 2022 of IDR 3.67 trillion. The profit also slowed down to IDR 660.99 billion from IDR 1.06 trillion seen in Q3 2022.

The third-party contributors to the revenue consisted of shipping services segment of IDR 2.28 trillion and stevedoring services segment of IDR 914.46 billion. The shipping and stevedoring services from related parties generated IDR 16.95 billion and IDR 11.36 billion.

From the beginning of the year until the end of Q3 2023, TMAS has shown consistent growth. In Q2 2023, its revenue was IDR 2.10 trillion, increasing from IDR 1.11 trillion in Q1 2023. The profit in Q2 also grew to IDR 397.79 billion from IDR 259.41 billion seen in Q1 2023.

Yesterday (25/11), TMAS’s shares recorded its peak at IDR 165 per share, while the lowest it went was IDR 155 per share, before being closed at IDR 156 per share. Approximately 11.17 million shares were being traded within 1.47 transactions worth IDR 1.75 billion. (LK/ZH)