JAKARTA (Yosefardi) – State toll road opertor PT Jasa Marga Tbk (JSMR) reported net profit of Rp968.64 billion in first nine months of this year, declined 16% from Rp1.16 trillion in the same period of last year. Earning per share (EPS) was Rp150.46.
Operating revenue increased 31% to Rp7.07 trillion from previous Rp5.39 trillion. Toll revenue totaled Rp4.22 trillion while construction revenue reached Rp2.59 trillion.
The total expenses reached Rp4.7 trillion, of which cost of construction amounted Rp2.56 trillion (previous Rp1.15 trillion). Then operting profit was Rp2.03 trillion, lower than earlier Rp2.21 trillion.
The company’s assets totaled Rp29.32 trillion while liability amounted Rp18.93 trillion. It has cash and cash equivalent of Rp6.07 trillion. New tariff for 12 toll roads operated by Jasa Marga has been enacted since October 11, 2013. JSMR shares gained 1.87% to Rp5450 Wednesday (Oct 30), which might reflect PE multiple 27.25 on annualized EPS.