JAKARTA (Yosefardi) – PT Express Transindo Utama Tbk (TAXI) allocates capital expenditure (capex) of Rp500 billion for 2014, equal to this year’s capex, funded by internal cash and loans.
The company targets to add 2,000 units of taxi, to make a total 12,000 units. By end of this year, the total fleet will reach 10,035 units.
TAXI booked net profit of Rp95.15 billion in first nine months of this year, jumped 56% from Rp60.9 billion in the same period of last year. Revenues increased 37% to Rp506.28 billion.