PT Pelindo Jasa Maritim (SPJM), a subholding of PT Pelabuhan Indonesia (Persero) focused on marine services, reported a 33.38% year-on-year (YoY) revenue growth until third quarter this year (Q3 2024). However, operating expenses rose due to several corporate actions affecting human resources and increased depreciation costs for additional assets, resulting in a 29.07% YoY decrease in net profit.
As of September 30, 2024, SPJM also experienced asset growth of 20.05% YoY, reaching 125.53% of the target outlined in the RKAP for Q3 2024. This growth reflects SPJM’s commitment to enhancing its services through standardized business processes at the port.
Aligned with the standardization and digitalization efforts within the SPJM Group, the company achieved improved performance across nearly all service areas compared to the previous year. In marine services, the SPJM Group recorded an impressive 77.94% YoY increase, with 463,672 movements in pilotage service. The towing service also grew, achieving 3.83 billion GT hours, a 5.81% YoY increase.
In the Stream Equipment service, ship docking services saw a significant 133.33% YoY increase. Port Services also experienced growth, particularly in channel management and energy provision.
The channel management service achieved a 22.08% YoY increase, totaling 19,738,961 tons. Fuel Distribution within Energy Services grew by 30.98% YoY, reaching 43,302 kiloliters, while Gas Distribution rose by 7.43% YoY, achieving 9,975,032 MMBTU (millions of British thermal units).
Additionally, the provision of clean water increased by 182.2% YoY, reaching 1,845,511 tons. Electricity services generated 152,669,247 kWh, reflecting a 17.02% YoY increase. This growth in services underscores SPJM Group’s commitment to service excellence, fostering ongoing growth and development in customer service.