Jasa Marga scores IDR 855.6 billion in profit in H1 2021
JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR), a state-owned toll operator, gains IDR 855.6 billion of net profit in the first half of 2021.
Based on the recently published financial statement, Jasa Marga’s net profit in H1 2021 is 7.1 times higher than the profit reported in the same period last year. In H1 2020, its net profit only reached IDR 105.73 billion due to the COVID-19 pandemic.
This massive gain in net profit is supported by the revenue that scores IDR 6.88 trillion. This number is 1.62% higher compared to the same period last year.
As an additional record, the income from the tollway business contributes the most to JSMR’s revenue in H1 2021. This line brings in up to IDR 5.23 trillion, while the construction business pitches in IDR 1.24 trillion. Other business lines add an extra IDR 410.26 billion.
Based on idnfinancials.com data, until June 30, 2021, through the Ministry of State-Owned Enterprise (BUMN), the government owns 70% of Series B shares of JSMR. Then, DJS Ketenagakerjaan takes another 3.41%, BNYM RE Employees ProvidentFD 2.35%, PT Taspen 2.20%, and public investors share the remaining 22.04%. (KR/ZH)