PT IMC Pelita Logistik Tbk ( PSSI ) is optimistic that demand for transportation will still be high until the end of the year. At the same time, PSSI is targeting an increase in the top line and bottom line.

Corporate Communication of IMC Pelita Logistics Hariman Chalid explained that until the end of 2023, his company targets to pocket a net profit of US$ 42 million with revenues of US$ 104 million.

Hariman said that his party was optimistic that they could record growth because coal is still a flat industry need in 2023. PSSI projects that the demand for coal transport will still be maintained.

"We have pocketed both short and long term work contracts with consumers. So there is already a guaranteed transport volume of around 80%–85% in 2023," he told Kontan, recently.

As of June 2023, PSSI managed to record operating revenues of US$ 53.27 million, down 5.18% on an annual basis from US$ 556.19 million. This means that PSSI has pocketed 51.22% of the revenue target.

Even so, profit for the period attributable to the owners of PSSI's parent entity reached US$ 30.05 million. This value jumped 60.08% year-on-year from US$ 18.75 million.

As of semester I-2023, PSSI already has one new tugboat alias tugboat. This year, IMC Pelita Logistics targets to add several new ships.

"The estimate for the addition of ships is around five to six units. We see the need, market demand for transportation services and the price of ship materials," he said.

However, the increase in net profit was mainly supported by gains from the sale of fixed assets owned by IMC Pelita Logistik amounting to US$ 15.68 million. This post increased 365.07% from US$ 3.37 million.

Main Director of IMC Pelita Logistics Iriawan explained, his party had rejuvenated its fleet to seize business diversification opportunities throughout the second quarter of 2023.

"We divested several inefficient and high-cost ship assets in the second quarter as part of our asset rejuvenation initiative," explained Iriawan. 

Image source: KONTAN/Amalia Nur Fitri

Source: www.investasi.kontan.co.id/IMC Pelita Logistik PSSI Bidik Laba Bersih US 42 Juta Di 2023