JSMR - Higher toll road tariff boosts performance

JSMR - Higher toll road tariff boosts performance A number of Jasa Marga (JSMR) toll road sections increased their tariffs throughout 1H23, such as; Pandaan-Malang Toll Road, Semarang Section A, B, C, Kunciran-Serpong section, Bogor Ring Road, Balikpapan-Samarinda, Cipularang and Padaleunyi sections and Palimanan-Kanci sections. Moreover, JSMR also increased toll road tariffs for Jagorawi, Sedyatmo and Ngawi-Kertosono sections. This year, JSMR aiming revenue to grow 10%-15% yoy and EBITDA at the level between 60%-65%. In 1Q23, JSMR' revenue reached IDR4.04 tn, which IDR3.01 tn or 67.84% of 1Q23 revenue was contributed by toll road revenue. JSMR' 1Q23 net income reached IDR497.56 bn (+26.67% yoy). (Source : Kontan)