Jakarta – Transportation rental company, PT Transkon Jaya Tbk. (TRJA), has shown positive performance in the first semester of 2023 by recording an increase in revenue and net profit.
Based on the financial report on the Indonesia Stock Exchange (BEI) website, TRJA posted a net profit attributed to the parent entity of IDR 20.71 billion, or a slight increase of 1.01% year-on-year (YoY) compared to H1/2022, which was IDR 20.51 billion.
The increase in profit was driven by a 26.28% YoY increase in revenue to IDR 288.46 billion compared to the same period in 2022 of IDR 228.43 billion.
In detail, TRJA’s revenue was supported by the vehicle rental business contributing IDR 285.93 billion, followed by the outsourcing services segment of IDR 12.38 billion, and the internet service provider segment of IDR 5.84 billion. The revenue was reduced by elimination costs of IDR 15.69 billion.
With the increase in revenue, TRJA’s cost of revenue also rose by 19.77% YoY to IDR 164.82 billion compared to the previous year’s period of IDR 137.61 billion.
As a result, the company’s gross profit increased by 36.13% YoY to IDR 123.63 billion compared to H1/2022 of IDR 90.81 billion.
However, the cash and cash equivalents at the end of the month for TRJA decreased by 84.16% YoY to IDR 6.39 billion, compared to the same period the previous year of IDR 40.38 billion.
In terms of the balance sheet, TRJA’s total assets grew to IDR 1 trillion as of June 30, 2023, compared to the end of December 2022 at IDR 873.44 billion.
The company’s liabilities increased to IDR 641.53 billion compared to the end of 2022 at IDR 523.31 billion. Meanwhile, equity increased to IDR 366.30 billion compared to the end of December 2022 at IDR 350.12 billion.
As information, PT Transkon Jaya Tbk. (TRJA) had distributed dividends for the 2022 fiscal year amounting to IDR 4.53 billion to shareholders on Wednesday, July 26, 2023.
