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Taxi Express Gets Rp 60 Billion Profit, Grow 54%

  • Posted on March 30, 2017 at 4:58 pm

Is ground transportation services brand Express, Express Transindo Main Tbk PT (TAXI) earned a net profit of Rp 60.5 billion. The amount of net income increased 54% when compared to net income in the same period in 2012 amounting to Rp 39 billion. This achievement exceeded the company’s target of Rp 59 billion.

The rise in net profit driven by the acquisition of the company’s total revenue per June 30, 2013 which reached Rp 331.3 billion, an increase of 40% when compared to the same period of the previous year of Rp 237 billion.

“The Company’s financial performance this semester boast, revenue growth and significant earnings thanks to the success and efficiency of the Company’s expansion strategy, in addition to our success was due to maintaining the quality of service,” said Chief Financial Officer Taxi Express David Santoso in a press release, in Jakarta, Friday (2 / 8/2013).

He said the biggest contribution is still dominated by regular taxi which reached 84%. The rest of the Business Value Added Business Transportation Limousine dominated by vehicles that are in Bali, Lombok, Bandung and Jakarta.

Express regular cab fleet itself which operates to this day more than 8,800 units, which is targeted to reach 10 035 units by year-end.

“This year we expect to be able to add to our regular fleet of 2,000 units,” added David.

For this year, he said, the company aims to add 5 new pool in the area Jadetabek.

According to him, from the target, the Company has been getting 3 new locations for the pool. The Company is currently looking for a location for a second pool. Indeed most current pool still in Jadetabek. In addition to the Jadetabek, Express Group also has a pool in the other areas, namely in Bali, Lombok, Medan, Surabaya and Semarang.

Meanwhile, with regard to the new tariff set Express Group, David explained that it does not affect the Company’s financial.

This is because the Express Group implemented a partnership scheme with the driver, so that the new tariff solely to adjust the driver’s income and maintain the welfare of each individual driver’s partner.

While the driver of the Company’s partners deposit value remained elevated and did not participate. “We will continue to focus on improving service to our customers. We are confident in the consistency of the Company’s future financial performance has continued to increase, especially taxi business in Indonesia is very potential, “he explained.