Nusantara Infrastructure’s Net Income in Third Quarter of 2014 Surges 136.67%

Nusantara Infrastructure’s Net Income in Third Quarter of 2014 Surges 136.67%

31 October 2014
Author: Administrator

Jakarta, October 31, 2014 - PT Nusantara Infrastructure Tbk (the Company), as the leading private infrastructure operator and investor in Indonesia, continued to show a great performance. In the third quarter of 2014, the Company earned net income for the period amounted to Rp 80.24 billion. This figure increased by 136.37% over the same period in 2013 amounted to Rp 33.90 billion. Likewise, gross profit increased to Rp 126.1 billion, or 46.4% compared to the same period in 2013 amounting to Rp 145.8 billion.

The soaring of Nusantara Infrastructure’s net income was driven by the increasing in revenue and sales which are bolted 73.59%. The figure amounted to Rp 382.31 billion. This positive performance is reflected in the entire Operating Ratio as Gross Margin Ratio, Operating Margin Ratio, and Net Profit Margin respectively increased to 71.1%, 40.9%, and 21% in the third quarter of 2014. While the Company's EBITDA increased 1.6-fold , from Rp 132.3 billion in the third quarter of 2013 to Rp 210.8 billion. The Company's total assets by the end of September 30, 2014 reached Rp 3.55 trillion.

"We are very grateful that Nusantara Infrastructure’s business continued to grow positively in the midst of a national economic slowdown. This achievement proved that we run the right strategy and are supported by an increasingly healthy business portfolio," said General Manager Corporate Affairs Nusantara Infrastructure Deden Rochmawaty, in Jakarta (31/10).

Currently, the Company has been managing a number of strategic infrastructure sectors including toll road, water treatment management, telecommunications tower, and port management. The Company serves more than 88 million customers, 500,000 households, 170 plants and 210 vessels in the toll roads, water, ports, and energy business.

The Company’s ability to optimize the business potential has been greatly tested. This is reflected in by the increased performance as shown below.

Table of Financial Performance of PT Nusantara Infrastructure Tbk Period 2012 – Sept 2014

in million Rupiah

Description 2012 2013 2014
(Per September 2014)
Total Assets 2,019,528 2,579,582 3,552.5
Profit (Loss) for The Year Attributable to Owner of the Parent Company 43,373 60,103 80,24
Revenue 270,397 425,861 382,31
EBITDA 171,373 193,078 210,80

*Source : 2013 Annual Report and Interim Consolidated Financial Report September 30, 2014