JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR) seeks 15% EBITDA growth this year in line with the 6%-7% tariff increases on several toll road sections.
"The tariff increases apply to toll road sections whose tariffs already increased in 2018. The increases are by around 6%-7%," said Jasa Marga Corporate Finance Head Setya Adrianto, Wednesday (5/2).
The tariff increases will occur on the Jakarta-Cikampek, Sedyatmo, Semarang-Solo, Solo-Ngawi, Gempol-Pasuruan, and Kertosono-Mojokerto toll roads. Jasa Marga's performance this year will also be supported by toll roads that will commence operation in the first half of 2020, namely Manado-Bitung, Cengkareng-Kunciran, and Cinere-Serpong.
In the third quarter of 2019, JSMR's operational EBITDA was recorded at Rp 5 trillion, up 16.9% year on year (yoy), with a 62.9% margin, higher than 60.1% in Q3-2018. (AM/MS)