JAKARTA - During the third quarter of 2020, PT Blue Bird Tbk (BIRD) managed to record a significant increase in revenue of 51% compared to the second quarter of 2020. The increase in the Company's revenue was accompanied by better cost management as evidenced by the gross profit margin in the third quarter of 12.1% compared to the 2nd quarter of -0.5%. The Company's EBITDA in the third quarter also rose sharply from the previous Rp 7.5 billion in the second quarter of 2020 to Rp 69.1 billion in the third quarter of 2020.
One of the keys to the Company's successful recovery is Blue Bird's ability to provide services that practice strict health protocols. The company also shows efficiency spending measures that have occurred in all lines of the Company, where the total Opex in the 3/2020 quarter stood at Rp. 118 billion, which is the lowest figure since quarter 1/2019.
President Director of PT Blue Bird Tbk, Noni Purnomo said, "With the performance that we managed to achieve in the 3rd quarter of 2020, the company has managed to get through the worst situation and we are more optimistic in looking at projections in the future. During the pandemic, PSBB shows the high trust of customers in Bluebird services, where we always maintain and continue to improve services as a safe, comfortable and reliable transportation service provider. This trust certainly further encourages us to continue to provide and develop Bluebird as a company transportation solution provider to loyal passengers and customers.” (LM)