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Steady Safe generates Rp 80.71 billion in revenue

12 April 2019 13:51

JAKARTA - PT Steady Safe Tbk (SAFE), the operator of busway in Jakarta, generated Rp 80.71 billion in revenue in 2018. This is far better than in 2017, when the company did not generate any revenue.

Based on the company's financial statements in 2018, busway contributed all of the company's revenue, while taxi did not generate any revenue. The company's gross profit was recorded at Rp. 21.95 billion, and its operating profit was recorded at Rp. 15.41 billion.

The company's pre-tax losses were recorded at Rp 22.17 billion, up from Rp 9.68 billion recorded in 2017, while the company's losses for the period was recorded at Rp 20.51 billion, up from Rp 8 billion recorded in 2017.

In 2018, the company's current assets were recorded at Rp. 41.10 billion, up from Rp. 38.97 billion in 2017, while its non-current assets were recorded at Rp. 306.74 billion, up from Rp. 9.27 billion in 2017. (LK/AR)

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