TCPI - PT. Transcoal Pacific Tbk

Rp 8.700

+25 (+-0,58%)

JAKARTA. PT Transcoal Pacific Tbk (TCPI), a shipping and boat rental service provide, has signed the contract of floating barge service for oil storage in the Bengalon LTT Port, East Kutai.

Erizal Darwis, Director of TCPI, mentioned that the contract was obtained from one of the most powerful coal mining companies in East Kalimantan. The contract will be active for two years, with the value of contract reaching approximately IDR 10.5 billion.

“The company has no affiliation with the customer,” Darwis confirmed in the information disclosure in Indonesia Stock Exchange (IDX).

According to data, the biggest coal mine in East Kutai is controlled by PT Kaltim Prima Coal (KPC). This mine is located in 84,938-hectare wide area in Sangatta District, East Kutai.

As of September 30, 2021, TCPI scored revenue of IDR 1.17 trillion, growing 9% year-on-year (yoy). Meanwhile, its net profit proliferated 43% yoy to IDR 58.9 billion. (KR/ZH)