Perumka targets more profits

Perumka targets more profits

JAKARTA (JP): State-owned railway company Perumka expects to
book a net profit of Rp 21.9 billion (US$9.4 million) this year,
an increase of 23.03 percent on profits of Rp 17.8 billion last
year.

Transportation Minister Haryanto Dhanutirto said yesterday his
company's total revenue this year was projected to reach Rp 766.5
billion, an increase of around Rp 55 billion on last year.

"We will have to work hard to realize the target," he was
quoted by Antara as saying at the opening ceremony of the
ministry's coordinating meeting in Bandung, West Java.

The railway company's revenue has increased by an average of
14 percent per year in the last three years. In 1995, its revenue
reached Rp 594 billion. Last year, revenue increased by almost 20
percent to Rp 711.5 billion.

Passenger numbers during this period grew by an average of
eight percent, there were 144 million passengers in 1995 and 156
million last year. This year, it is estimated passenger numbers
will reach 165 million.

Cargo carried by the company also grew by an average of 13
percent per year, from 16 million tons in 1995, to 18 million
tons last year. This year, a the company projects it will carry
freight of 21 million tons.

"But the most important thing is that Perumka is no longer in
the red. Its profits have been increasing during the last few
years," he said. (bnt)