02 Dec 2019 11:33 (10 hari lalu) -
JAKARTA. PT Jasa Armada Indonesia Tbk (IPCM), a subsidiary of PT Pelabuhan Indonesia (Persero), plans to allocate Rp 224 billion in capital expenditure to purchase 4 tugboats. Joshua Michael, an analyst for Mirae Asset Sekuritas, said that the move will be a positive catalyst for the company's performance in 2020. "As for FY20, IPCM does not disclose its revenue target, but targets a net profit of Rp 120 billion, "Michael said on Monday (2/12) today. Michael added that IPCM will rely on the international traffic in the Tanjung Priok port. This port is the company's biggest revenue contributor, reaching 50.4%. "Assuming a net margin of 15%, ...