Jakarta, November 2, 2008 – PT Jasa Marga Tbk with share code name JSMR has booked an increase of revenue by 35% or equivalent to Rp 2.497 trillion, in comparison to the revenue for the third quarter of 2007 at Rp 1.849 trillion.
The increased revenue of Jasa Marga on the third quarter has been the result of, among others, the increasing transaction volume by 2 percent. Total transaction for the tool roads operated by Jasa Marga was 644 million in 2007 and increased to 657 million in 2008. Additionally, the adjustments of toll road tariffs for two toll roads under Jasa Marga management, i.e. Jakarta-Cikampek on May 30, 2008 and for Prof. Sediyatmo on July 2, 2008 contributed to the increased revenue of Jasa Marga for the third quarter of 2008.
“The increased revenue booked by Jasa Marga has also created positive impact on the operational profit (harusnya operating income) of the company,” said Okke Merlina, Corporate Secretary of Jasa Marga Company. Okke went on to say that while the operating income for the third quarter 2007 totaled Rp 669 billion, the operating income the third quarter of 2008 reached Rp 1.095 trillion. The increased revenue also increased corporate EBITDA from Rp 932 billion in 2007 to Rp 1.417 trillion in 2008, while net income increased from Rp 136 billion in third quarter of 2007 to Rp 554 billion in the third quarters of 2008.
“As a public company, Jasa Marga is pleased with the performance for the third quarters of 2008 and we will continue to improve our performance in the coming years,” said Okke.
New Toll Road
The development of new toll roads that include the sections of Bogor Ring Road (11 kilometers), Semarang-Solo (76 kilometers), Gempol-Pasuruan (32 kilometers), Serpong-Kunciran (11.2 kilometers), Kunciran-Cengkareng (15.2 kilometers have been progressing as planned. It is expected that by the second quarter of 2009, the Bogor Ring Road Phase I (Sentul Selatan-Kedunghalang) will be in operation.
In addition to five new toll roads, Jasa Marga will finalize the development of section JORR W2 (Ulujami-Kebon Jeruk) which is part of JORR and the concession has already been in the hand of Bina Marga. In building this section, Jasa Marge collaborates with Jakarta Propertindo, a Jakarta Government owned company.
Contribution from the six sections of the toll roads will certainly be significant in improving the performance of the company in the future.
Okke Merlina added that although the current situation of the financial market was not really conducive, Jasa Marga remained to be consistent in implementing its projects as planned and would continue to evaluate the ongoing projects in order to gain higher added value. In terms of financing, in addition to the internal fund, Jasa Marga also received funding commitment from national banks. “With the support from various parties, we will continue to improve company’s performance, both in corporate finance and pro forma as a whole,” said Okke.
Source : http://www.jasamarga.com
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