Transkon Jaya Optimistic About a 20% Increase in Profits by the End of 2020


19 Nov 2020


Dilansir Oleh


JAKARTA, – PT Transkon Jaya Tbk (TRJA) is optimistic about achieving a profit increase of up to 20% by the end of 2020. To achieve this, the company is implementing several strategies, ranging from increasing market penetration for Internet Service Provider (ISP) to adding new clients. President Director Lexy Roland Rompas explained that for the ISP business line, the company plans to expand marketing exposure by focusing on tenders for internet services in the South Sulawesi region. On the other hand, the company hopes that this segment can continue to grow. “We see significant growth opportunities in this segment because currently, revenue from rentals remains the largest contributor, up to 95%,” he said in a virtual public presentation on Thursday (19/11). Meanwhile, in the vehicle rental segment, the company is negotiating with several suppliers to obtain discounts on the procurement of goods and services. Additionally, he mentioned that the company had previously visited one of the potential clients expected to become a new customer for the company in early 2021. “With these various strategies, we are confident of achieving an increase in profit and revenue, as evidenced by our ability to endure even in the midst of a pandemic,” he said. This optimism aligns with the positive performance achieved by Transkon Jaya in the third quarter, recording a profit of IDR 34.38 billion, a growth of 9.56% from the same period the previous year, which was IDR 31.09 billion. “This growth is due to several new projects that we received in the first half of 2020 and began contributing to our revenue in this quarter,” explained Corporate Secretary Transkon Jaya, Alexander Syauta. There was an increase of 1.62% in revenue, reaching IDR 306.67 billion, compared to the previous IDR 301.77 billion. Specifically, the vehicle rental segment contributed IDR 297.32 billion, and the ISP contributed IDR 9.35 billion. Previously, the TRJA stock issuer received a 1% interest rate reduction. This interest rate discount applies to all Mitsubishi products financed by Dipo Star Finance, the company’s largest creditor. Alexander said that this discount had a significant impact on the financial and marketing performance of the company because the interest rate is one of the determining factors for the installment rate, which is one of the factors determining the rental price of vehicles. “Our performance is strongly influenced by the financing component, so the company pays close attention to the cost of funds obtained from financing companies. This cut has been in effect since October 14, 2020,” he concluded.

Editor: Gora Kunjana (

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