PT Hasnur Internasional Shipping Tbk (HIS), a leading logistics and marine transportation provider, reported a significant 28.40% increase in revenue for the third quarter (Q3) of 2024. The company’s revenue reached Rp 292.39 billion, up from Rp 227.71 billion in Q3 2023. Compared to the previous quarter, Q2 2024, HIS achieved a 27.35% revenue growth from Rp 229.60 billion.
For the year-to-date period from January to September 2024, HIS recorded a 12.40% increase in revenue, reaching Rp 765.37 billion, up from Rp 680.92 billion in the same period last year.
Along with a robust rise in revenue, HIS also posted a notable increase in profitability. The company’s net profit for Q3 2024 amounted to Rp 33.71 billion, reflecting a 26.29% growth compared to Rp 26.70 billion in Q2 2024. Year-over-year, HIS saw a 6.93% increase in net profit compared to Q3 2023, when net profit stood at Rp 31.53 billion.
Rickie, Finance Director at HIS, commented on the company’s strong performance, saying, “The solid results in Q3 2024 are a testament to our ongoing commitment to growth and delivering value for shareholders, even in the face of challenging market conditions. The 28.40% revenue growth and 26.29% increase in net profit reflect the resilience and effectiveness of our operational strategies. We are focused on strengthening our operations and innovating to solidify HIS as a major player in Indonesia’s maritime transportation sector.”
Growth in Cargo Volume
The company’s financial performance aligns closely with its operational achievements, particularly in cargo transportation. In Q3 2024, HIS transported 3.50 million metric tons of cargo, marking a 26.20% increase from 2.77 million metric tons in Q2 2024. This figure also represents a 21.46% increase from 2.88 million metric tons in Q3 2023.
For the first nine months of 2024, HIS successfully transported 9.14 million metric tons of cargo, up 12.69% from 8.11 million metric tons during the same period in 2023.
Looking Ahead: Expansion and Efficiency
Looking forward, HIS remains optimistic about maintaining this positive trend. The company is focused on expanding its service reach and improving operational efficiency. “We are confident that our strategic initiatives will support continued growth,” Rickie said. “HIS is committed to being a reliable partner for all stakeholders, contributing to Indonesia’s economic development, and positioning the company to capitalize on future opportunities and challenges.”
With impressive financial and operational results, PT Hasnur Internasional Shipping Tbk is well on track to continue strengthening its position in Indonesia’s competitive maritime transportation industry. The company’s robust growth in revenue, profit, and cargo volume highlights its effective strategy and resilience in navigating a dynamic market environment.