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MRT Jakarta plans an IPO in 2022

27 November 2019 16:38

JAKARTA. PT MRT Jakarta plans to hold an initial public offering (IPO) on the Indonesia Stock Exchange in 2022.

William Sabandar, President Director of MRT Jakarta, said this intention arose after the company managed to reap more than Rp 1 trillion in revenue in about a year. "Our operating expenses reach Rp 940 billion, this is a gross figure. So if the revenue is above Rp1 trillion, we can get a comprehensive net profit of Rp 60 billion to Rp7 0 billion, "Sabandar said as quoted by Kontan on Thursday (27/11) today.

MRT Jakarta's revenue came from ticket (Rp 180 billion), non-ticket (Rp 225 billion), subsidy (Rp 560 billion) and others (Rp 40 billion). 

Sabandar added, the IPO plan would be proposed if the company continues to record profit over the next two years. "If we can record a profit three years in a row, we will propose an IPO in 2022. This is a breakthrough that must be maintained so that the company is healthy and the service is premium," he said. (KR/AR)

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