JAKARTA – Andre Djokosoetono, President Director of PT Blue Bird Tbk (BIRD), has confirmed that his company delivered positive financial and operational performance for the 2024 fiscal year.

"Positive; better than the previous year," Djokosoetono confidently remarked when asked about the 2024 performance during Blue Bird's Media Gathering last Thursday (6/2).

While he did not provide specific details about the positive results, he noted that the growth reached double digits.

According to the company's FY 2023 financial statements, Blue Bird’s net revenue reached IDR 4.4 trillion, surging 22.2% year-on-year (yoy) from IDR 3.6 trillion in 2022, while net profit also soared from IDR 358.35 billion to IDR 452.97 billion.

If this double-digit growth continues on the top line, Blue Bird is projected to post at least IDR 4.8 trillion (+10% yoy) in revenue by the end of 2024.

Additionally, Andre revealed that the company’s growth was more significant in its non-taxi segment compared to the first three quarters of last year. "Although taxis continue to grow; 72% of revenue still comes from taxis," he added.

On the other hand, this positive performance outlook may impact Blue Bird’s dividend allocation. In the past two fiscal years, Blue Bird allocated 50.27% of its net profit attributable to the parent entity as dividends.

“We will maintain or improve it. The key point is that we aim for better revenue, better profitability, which means dividends will be at least the same or better,” Djokosoetono concluded. (ZH)