Pelindo I net profit, revenues rise 36% Y/Y in Q1 2013


(SeeNews) – May 14, 2013 – Indonesia’s state-owned port company PT Pelabuhan Indonesia I (Persero), or Pelindo I, saw its net profit and revenues grow by over 36% year-on-year to IDR 93 billion (USD 9.5m/EUR 7.3m) and IDR 238 billion, respectively, in the first quarter, mainly thanks to higher container handling volumes.

The port operator expects its revenue to grow by at least 30% to IDR 1.9 trillion by end-2013, The Jakarta Post said yesterday, citing Pelindo I’s spokesman Muhammad Eriansyah.

Pelindo I processed 378,308 twenty-foot equivalent units (TEU) of containers in January-March 2013, which is an 18.28% annual increase.

The company has plans to invest IDR 613 billion in port expansion initiatives, particularly in the Belawan International Container Terminal and Dumai Port, in the Indonesian province of Riau, in 2013.

The port operator would also add several divisions to its structure to help business growth. It plans to set up the Maritime Services Development unit in Pekanbaru, in Riau, as well as management offices in Belawan, Sumatra, and in Kuala Tanjung, Indonesia.

Pelindo I, which operates 13 seaports, spent some IDR 1.7 trillion on equipment, dockyards expansion and implementation of an online system for port documentation and payment in Belawan in the last two years.






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