Shipping Issuer PT Temas Tbk. (TMAS) Make a Profit of IDR 1.02 Trillion in the Third Quarter/2022

TMAS recorded an increase in profit of Rp. 1.02 trillion in the third quarter of 2022. The largest sales revenue was achieved from third party shipping services amounting to IDR 2.75 trillion

Bisnis.com, JAKARTA — Shipping issuer PT Temas Tbk. (TMAS) scored an increase in performance until September 2022 with an increase in profit of up to IDR 1.02 trillion. Based on the company's financial report on the Indonesia Stock Exchange, as of September 2022 TMAS recorded service revenue of IDR 3.67 trillion, up 56.17 percent from the same period the previous year of IDR 2.35 trillion. 

The largest sales revenue was achieved from third party shipping services worth IDR 2.75 trillion, and third party loading and unloading services IDR 978.52 billion.
From these records, TMAS was also able to reap net profit attributable to owners of the parent entity, which increased by 64.51 percent from IDR 624.01 billion in the nine months of 2021 to IDR 1.02 trillion in the nine months of 2022. The company also recorded an increase in earnings per share. to IDR 179 until September 2022, from the previous year IDR 109.
Furthermore, TMAS' total assets also increased to IDR 4.18 trillion as of September 2022 from the record until December 2021 of IDR 4.05 trillion. Meanwhile, total liabilities amounted to IDR 1.93 trillion and equity IDR 2.25 trillion.

TMAS shares were observed moving in the green zone until the close of the first trading session, Monday (21/11/2022) with an increase of 1.81 percent or 35 points to 1,970. Throughout 2022, its share price has recorded an increase of 43.80 percent. 

Meanwhile, if we look at the long term, the shares grew 511.80 percent compared to a year ago, and grew 1,297.16 percent from three years ago.