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Jasa Marga posts Rp 157.6 billion net profit in Q3

27 November 2020 10:11

JAKARTA - State-owned toll road operator PT Jasa Marga (Persero) Tbk (JSMR) posted a net profit of Rp 157.6 billion in the third quarter (Q3) of 2020.

In the period, the company’s revenue fell 14.1% year on year (yoy) to Rp 6.8 trillion due to the implementation of large-scale social restrictions to curb the spread of coronavirus (COVID-19), which resulted in a drop in the daily traffic volume of toll roads.

Accordingly, the company’s EBITDA in Q3 slipped 17% yoy to Rp 4.2 trillion, although its total asset value grew 3.8% yoy to Rp 103.5 trillion in line with the progress of toll road developments.

“The company is committed to maintaining a positive performance amid the COVID-19 pandemic by improving efficiency in certain aspects such as operating expenses and capital expenditure, both operational and business development,” the company wrote in an official statement on the Ministry of State-owned Enterprises’ website, Thursday (26/11). (MS)

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