Its Finance Director Saefudin Noer told reporters here on Wednesday, the company, which controls a number of seaports including Tanjung Perak in Surabaya, Tanjung Emas in Central Java and a number of other smaller ports in eastern Indonesia recorded improved performance in 2016.
"The profit of Rp1.51 trillion in 2016 represented an increase of Rp350 billion from Rp1.16 trillion in the previous year," Saefuddin said, attributing the increase to 106 percent growth in container transport in comparison with in 2015.
He said container port service contributed Rp4.39 trillion or around 59 percent to the income of the company.
"Net income including non port service income of the company totaled Rp7.48 trillion in 2016 or an increase of 15.5 percent from the previous year," he said.
He said the company also recorded an increase in assets from Rp18.97 trillion in 2015 to Rp22.18 trillion in 2016 to follow the completion of a number of investment projects in port services.
He said noteworthy was three international credit rating agencies -- Fitch, Moodys and Standard & Poors -- expressed appreciation for the performance of the company.
"Fitch gave PT Pelindo III the rating of BBB- stable, Moodys gave the Baa3 rating and Standard & Poors with BB+ rating developing," he said.(*)
Editor: Heru Purwanto
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