Up 23%, Pelindo's net profit stood at Rp3.9tn
This article has been translated by PwC Indonesia as part of our Indonesia Infrastructure News Service. PwC Indonesia has not checked the accuracy of, and accepts no responsibility for the content.
Investor Daily - Naik 23%, laba bersih Pelindo jadi Rp3,9 T
15 May 2023
Jakarta - PT Pelabuhan Indonesia/Pelindo (Persero) logged a net profit of Rp3.9 trillion (audited) in 2022 or grew 23% compared to 2021 (year-on-year/yoy). Pelindo stated that the performance was one of the indicators of the result from Pelindo’s merger in October 2021 that enabled synergy among Pelindo Group’s entities through the consolidation and the optimisation of financial capacities, operation, commerce activities, and human resources to be stronger and more integrated.
“Pelindo’s merger has created a synergy among entities in Pelindo Group, so port management can be carried out in a more centralised and optimal manner. It is combined with a solid performance, so Pelindo successfully improved performance in 2022,” Pelindo President Director Arif Suhartono said in his official statement in Jakarta on Friday (13/5/2023).
During the hearing with House of Representatives (DPR) Commission VI on Monday (13/2/2023), State-owned Enterprises (SOE) Minister Erick Thohir stated that the net profit contributed to the increase in SOE profit in 2022 reached a total of Rp303 trillion, which doubled from Rp126 trillion in 2021. Besides that, the contribution of Pelindo to the state also increased to Rp7.2 trillion. The amount increased by 54% from Rp4.7 trillion in 2021.
Pelindo revealed that the contribution was provided through dividend pay-out, non-tax state revenue (PNBP), concessions, income tax (PPh), value-added tax (PPN), as well as land and building tax (PBB). The achievement in 2022 was also supported by transformation programmes that were continuously implemented since the merger in October 2021. The company’s financial performance growth is supported by its operational performance as the company also achieved a positive trend in their operational performance.
Pelindo logged that container flow reached 17.2 million TEUs or increased by 1% compared to 2021. The same goes for the flow of goods that reached 160 million tonnes, which grew 9% compared to the previous year.
Meanwhile, ship traffic reached 1.2 billion gross tonnage (GT), which grew 1% compared to 2021. On the other hand, passenger traffic reached 15 million people or increased by 86% compared to 2021.
Pelindo stated that centralised management was one of the keys to increase operational performance.
Arif explained that it provided a more strategic control for Pelindo, which made it easier for them to carry out end-to-end operational service transformations such as creating a port operational service system standardisation that was previously different among ports.
Pelindo reckoned that the transformation result after the merger can be seen in the form of increased container stevedoring performance and productivity at several container terminals.
Pelindo mentioned that the increase in stevedoring productivity was measured using the box per ship per hour parameter, and it could be seen from the port stay time reduction at ports that is measured in the number of days.
“For Pelindo, shorter port stay and stevedoring times make operating costs more efficient, which is expected to increase ship traffic. For customers, shipping lines and cargo owners can also benefit from more efficient costs and larger business opportunities,” Arif said.
For example, he mentioned that the stevedoring total at Belawan Container Terminal (TPK) and Makassar TPK increased from 20 boxes per ship per hour to 34-45 boxes, and it even reached 60 boxes at some point. The stevedoring speed halves the ship port stay time. The increase in performance also occurred at Ambon TPK and Sorong TPK.
“All services at our container terminals will have the same service standard, in accordance with each class. It makes control and monitoring easier for us as the operator and for our service users,” Arif said.
Investment potential
On the other hand, Coordinating Ministry for Maritime Affairs and Investment with delegates from Kenya visited IPC Terminal Petikemas/IPC TPK, a subsidiary of the subholding Pelindo Terminal Petikemas, to explore investment potential in the port sector.
“This visit is expected to grow business potentials, especially in the logistics and port sectors. As a container terminal operator, IPC TPK will support the government’s step to strengthen the bilateral cooperation with Kenya,” IPC TPK President Director Guna Mulyana said in Jakarta on Friday (12/05/2023).
During the visit, when they arrived at Tanjung Priok Port, representatives from the Coordinating Ministry for Maritime Affairs and Investment and delegates from Kenya started their visit by visiting Indonesia Maritime Museum. The group then conducted a one-on-one business meeting and listened to a short exposure and discussion regarding the profiles and the strategic projects of ports in Indonesia.
The activity was continued by visiting Tanjung Priok Port. It started with a visit to the control tower (integrated planning and control room) where they were welcomed by the directors and the management of IPC TPK who explained about the company’s profile and operating pattern. The group continued their activity by visiting New Priok Container Terminal to directly see the stevedoring activities.
As quoted by Antara, the visit from the delegates from kenya was one of the implementations of emerging economies cooperation where Kenya will realise cooperation with Indonesia this year.
“IPC TPK is ready to support the steps of the Pelindo holding to expand market share and boost Indonesia’s economic development by ensuring readiness in the field and optimum operational services,” Guna explained.
