Jasa Marga Reports Decline In Net Profit

Jakarta (Antara Bali) - State-owned toll road company PT Jasa Marga Tbk (JSMR) reported Rp670.03 billion in net profit in the first half of 2015 or 17.44 percent lower than Rp811.59 billion in the same period last year.

The decline in profit was attributable to performance falling short of expectation in the first six months of this year.

The financial report of the toll road developer and operator showed that its income fell to Rp4.09 trillion in the first half of the year from Rp4.48 trillion a year earlier.

The decline in income was attributable mainly to shrinking income from construction business down to Rp455.22 billion from Rp1.05 trillion .

Meanwhile, significant increase was still recorded in its income from toll road operations to Rp3.41 trillion from Rp3.17 trillion.

The assets of the company rose 2.57 percent to Rp32.67 trillion by June 30  from Rp31.85 trillion by Dec 31, 2014.

Corporate secretary of Jasa Marga Mohammad Sofyan said toll road concession of the company increased to 1,000 kilometers after the acquisition of the 187 kilometers Solo-Ngawi, Ngawi-Kertosono  and Cinere-Serpong toll roads.

This year, the company put into operation new  Gempol-Pandaan toll road. the 13.6 kilometer toll road came on line in June . Two more toll roads  in East Java -- Gempol-Pasuruan  and Surabaya-Mojokerto  would follow before the end of this year adding 46 kilometers to total length of toll road operated by the company. (WDY)