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Angkasa Pura II profits drop 15% due to higher operating costs | The Jakarta Post

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Angkasa Pura II profits

drop 15% due to higher
operating costs
Multa Fidrus, The Jakarta Post, Tangerang, Banten | Business | Thu, March 27 2014, 11:13 AM

Airport operator PT Angkasa Pura (AP) II saw a 15 percent decline in its

net profits last year from the year before, due to higher operating costs
resulting from terminal development at several airports.
Losses at six airports it managed also contributed to the net profit
decline, the company said in a statement released on Wednesday.
We have built new terminals at several airports, including Sultan Syarif
Kasim II International Airport in Pekanbaru, Riau, and Raja Haji
Fisabilillah Airport in Tanjung Pinang, Riau Islands, president director Tri
Sunoko said in the statement.
The state-owned companys net profits stood at Rp 1.032 trillion
(US$90.42 million) last year, 15 percent lower than the Rp 1.219 trillion it
made the previous year, Sunoko said.
The airport operators net profits were eroded by the its operating costs,
which rose 16.7 percent to
Rp 2.94 trillion in 2013, from Rp 2.52 trillion in 2012.
The companys revenue remained nearly flat at Rp 4.2 trillion last year,
compared to Rp 3.99 trillion a year before.
Sunoko said 67 percent of the firms revenue came from the companys
air traveler service and aviobridge businesses, as well as aircraft landing
fees, while the company earned the remaining 31 percent revenue from
its non-aeronautical business.
Also attributable to the companys lower net profits were six airports
under its management that recorded net losses last year due to
persistently low aircraft traffic and low passenger numbers, the
statement said.
The airports in question were Sultan Iskandar Muda International Airport
in Aceh, which suffered net losses of Rp 27.32 billion; Minangkabau
Airport in Padang, West Sumatra, with losses of Rp 10.12 billion; Sultan
Mahmud Badaruddin II International Airport in Palembang, South
Sumatra, with losses of Rp 9.9 billion; Halim Perdanakusuma Airport in
Jakarta with losses of Rp 14.1 billion; Raja Haji Fisabilillah Airport in
Tanjung Pinang with losses of Rp 18.11 billion, and Sultan Thaha airport
in Jambi with losses of Rp 4.12 billion.
However, Sunoko did not explain in the statement, however, as to why
the six airports posted losses.
Meanwhile, the company made profits at six other airports last year.
They were Soekarno-Hatta International Airport in Tangerang, Banten,
which made a profit of
Rp 2.1 trillion; Kuala Namu International Airport in Deli Serdang, North
Sumatra, with a profit of Rp 71 billion; Husein Sastranegara International
Airport in Bandung, West Java, with a profit of Rp 22.85 billion; Supadio
Airport in Pontianak, West Kalimantan, with a profit of Rp 13.24 billion;
Depati Amir Airport in Pangkal Pinang, Bangka Belitung, with a profit of
Rp 801 million, and Sultan Syarief Kasim II airport in Pekanbaru with a
profit of Rp 16.3 billion.
The company recorded 5 percent growth in the number of passengers at
all airports it manages, from 82.01 million in 2012 to 86.34 million in
2013.
http://www.thejakartapost.com/news/2014/03/27/angkasa-pura-ii-profits-drop-15-due-higher-operating-costs.html

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7/30/2014

Angkasa Pura II profits drop 15% due to higher operating costs | The Jakarta Post

Aircraft traffic also increased by 6 percent from 611,930 aircraft

movements in 2012 to 647,343 movements in 2013, Sunoko said.
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