JAKARTA. PT Indonesia Kendaraan Terminal Tbk (IPCC), a transportation infrastructure operator, booked net profit of IDR 80.7 billion in the first half (H1) of 2024.

Said number is 2.3% year-on-year (yoy) higher compared to net profit in the same period last year, in which IPCC only scored net profit of IDR 78.9 billion.

IPCC’s operating revenue in H1 2024 was corrected 1.8% yoy to IDR 360.26 billion. In H1 2023, its revenue was only IDR 366.96 billion.

Terminal service business unit became the primary contributor of IPCC’s revenue in H1 2024, booking revenue of IDR 340.97 billion. Then, goods service unit brought in IDR 5.89 billion, followed by various business services of IDR 4.89 billion, and utility business (land, building, water, and electricity) of IDR 8.5 billion.

As of June 30, 2024, IPCC’s total assets were reported at IDR 1.86 trillion, with cash and cash equivalent of IDR 769.17 billion, and total equity of IDR 1.19 trillion. (KR/ZH)