Public listed company PT Jasa Armada Indonesia Tbk (PT JAI – IDX: IPCM) distributed as much as Rp 118 billion in total as a final dividend for the year of 2023 to its shareholders, or around Rp 22.41 per share, according to the decision of current general meeting of the shareholders (RUPS).
This include Rp 20.05 billion as interim dividend that had been distributed on January 26, 2024. The remaining dividend of Rp 98.2 billion will be distributed soon next month (July 2024).
Commending this RUPS decision, PT JAI President Director Shanti Puruhita explained that this decision remains the commitment of the shareholders to support the management in executing the future expansion plan.
Well Performed Fundamental Business Aspects
According to company report, in 2023, IPCM booked total net profit of Rp 157.6 billion, increasing 4.6% YoY, from Rp 150.6 billion in 2022, thanks to the well performed fundamental business aspects.
The company also booked an increase in revenue, by 16.2%, from Rp 980 billion in 2022 to Rp 1.1 trillion in 2023. The biggest contribution came from public port service, contributing 46.2% (Rp 525 billon) of the total revenue. Total revenue from this service increased 4.2% YoY, from Rp 504 billion in 2022.
The second biggest contribution came from service for special terminal (Tersus), contributing 30.2% (Rp 343 billion). Tersus contribution was high rocketing during the year, increasing 71.9% YoY.
The third biggest contribution came from TUKS (private terminals for owned cargoes), contributing around 16.8% (Rp 191 billion). TUKS contribution increased 11.9% YoY.
Ship management and marine service contributed Rp 31 billion and Rp 46 billion each dueing the year.
Such high performance during 2023 was encouraged by IPCM strategy through business expansion, procurement of new fleets, and strategy for a better governance (good corporate governance/GCG).
Business Expansion, New Fleets, GCG
In 2023, the company added three new pilot boats one new tugboat. The company also expanded its collaboration engagements with strategic partners so as to contribute positively to improving the company’s performance.
IPCM’s commitment to the public, apart from maintaining aspects of financial performance, is also to implement good corporate governance by prioritizing transparency and disclosure to stakeholders which can be seen from the results of the ASEAN Corporate Governance Scorecard (ACGS) assessment with a score of 98.18 points in the predicate “Very Good ”, up from the previous year with a score of 95.93 points.
In running the business, IPCM continues to prioritize ESG elements to support sustainable performance. This includes the use of environmental-friendly marine fuel Biosolar B35 which relatively reduces carbon emissions; the use of shore connections to support the use of energy other than fuel to support operations, and the use of solar panels and management of B3 wast.
In addition, IPCM also continued to encourage Micro, Small, and medium Enterprises (UMKM) through development and training programs for weaving and woven products in Eastern Indonesia as well as conservation of marine biota and ecosystems such as planting 400 coral reef seedlings and planting 1,000 mangrove trees in North Jakarta.
This year IPCM also opened up optimism and added new strengths through a number of collaborations with strategic partners.
On April 1 2024, the Ministry of Transportation officially delegated PT JAI as a Port Business Entity (BUP) to carry out pilotage and towage service in the waters of Obimayor Island – the West Coast in the Waters Area Extraordinary Pilotage of Laiwui Port, North Maluku Province.
“We are so grateful for the trust and full support given by IPCM shareholders, customers, business partners and stakeholders. We are committed to our services to continue to meet the expectations of service users by continuing to improve service quality for better customer satisfaction,” said Shanti.
New Director Dessy Emastari. P
The RUPS also approved changes to the composition of the company’s management. The RUPS appointed Dessy Emastari as Director of Finance, HR and Risk Management to replace Reini Delfianti whose term of office ends at the close of the RUPS. Reini Delfianti received a new assignment to the parent company PT Pelabuhan Indonesia (Persero) group.
The composition of the Board of Commissioners of PT JAI is as follows:
President Commissioner: Zuhri Iryansyah
Commissioner: R.R. Dewi Ariyani
Independent Commissioner: Bay Mokhamad Hasani.
The composition of board of directors is as follows:
President Director and Director of Commercial and Business Development: Shanti Puruhita
Fleet and Operation Director: Muhammad Iqbal
Finance, HR, and Risk Management Director: Dessy Emastari. P
“We express our thanks and highest appreciation for the contribution and dedication of Ms. Reini Delfianti. We believe that this new composition can bring IPCM even further forward,” said Shanti.