{
    "success": true,
    "data": {
        "id": 1815403,
        "msgid": "pjm-region-1-net-profit-soars-171-on-efficiency-measures-1782057013",
        "date": "2026-06-21 21:43:00",
        "title": "PJM Region 1 Net Profit Soars 171% on Efficiency Measures",
        "author": "Heryadi",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Business",
        "summary": "PT Pelindo Jasa Maritim (PJM) Region 1 reported a 171% surge in net profit against its budget target up to May 2026, despite revenue falling short at 97%. The subsidiary attributed the strong bottom line to aggressive cost intervention and disciplined spending. Management plans to sustain momentum through service acceleration, strategic partnerships, and continued cost efficiency.",
        "content": "<p>Maritime economic dynamics remain volatile. Nevertheless, PT Pelindo\nJasa Maritim (PJM) Region 1 has demonstrated that revenue is not the\nsole measure of financial health. Up to May 2026, this Pelindo\nsubsidiary managed to book a net profit surge of 171% against its\nCorporate Work Plan and Budget (RKAP) target, even though operating\nrevenue was recorded at only 97% of the plan. This success is the fruit\nof an aggressive cost-efficiency strategy that successfully safeguarded\nthe company\u2019s margins amid operational pressures. When discussing the\nmaritime business, ship call volume is usually the main determinant of\nperformance. However, PJM Region 1 has proven there is another way to\nrake in profits. PJM Corporate Secretary Tubagus Patrick revealed that\nthe main key to this success lies in a comprehensive cost intervention\npolicy, where every expenditure item is evaluated periodically to ensure\nthat each rupiah spent contributes directly to operational productivity.\nAs a result, despite turbulence on the revenue side, profitability\nremained well above target. Why did revenue not reach the full target?\nManagement confirmed a decline in ship call volumes at several major\nports such as Belawan, Dumai, and the TUKS Tanjung Buton Terminal, which\nbecame a significant headwind for the income line. On the other hand,\nseveral operational units actually emerged as extraordinary growth\ndrivers. Pilotage and towage services on strategic routes such as the\nSiak River in Pekanbaru, Kuala Tanjung, Bintan, and Karimun recorded\ngrowth exceeding targets, driven by increased container ship traffic and\nthe activity of large-capacity vessels or mega ships requiring\nhigh-value maritime services. Not only relying on growth at potential\nhotspots, PJM Region 1 also demonstrated sharpness in managing\nexpenditure. Up to May 2026, the company\u2019s operating expense realisation\nonly absorbed 90% of the allocated budget ceiling. According to Tubagus,\nthis achievement is the result of a policy of deferring non-urgent asset\nprocurement and maintenance programmes, as well as optimising\noperational costs in the field without reducing safety and service\nstandards. In other words, cuts were made not in areas that touch the\npublic, but in cost areas deemed unproductive. Consequently, this budget\ndiscipline automatically boosted EBITDA to a very healthy position,\nmaking PJM Region 1 one of the most resilient entities amid national\nmaritime business fluctuations. Looking ahead to the remainder of 2026,\nPJM Region 1 has no intention of easing its pace. Management has set\nthree main strategic pillars to maintain the positive trend:\naccelerating services at new potential hotspots to increase pilotage\nvolume, strengthening strategic partnerships with stakeholders including\naccelerating the exploration of new cooperation spaces, and maintaining\ncost efficiency consistency to ensure year-end targets are achieved\nsustainably and not merely seasonally. \u2018We have proven that amid\nuncertainty, operational discipline is the key to sustainability. We\nwill continue to maintain this momentum,\u2019 concluded Tubagus in a\nstatement in Makassar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pjm-region-1-net-profit-soars-171-on-efficiency-measures-1782057013",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}