Angkasa Pura II Books Rp 6.65 T Revenues in 2016

Jakarta, InfoPublik - Angkasa Pura II recorded a positive performance throughout 2016 and booked Rp6.65 trillion revenue (unaudited), an increase of 18 percent compared to 2015 which was amounted to Rp5.64 Trillion.

PT Angkasa Pura II (Persero) President Director Muhammad Awaluddin said that  Rp 4.03 trillion of the total revenues came from aero businesses such as passengers service tariff (PJP2U), aircraft landing fees, and aviobridge businesses.

While non-aero business such as concessions, room rental, billboards, cargo business,etc  contributed Rp2,62 Trillion of the revenues.

"The increase in revenues is in line with the increase in air passenger traffic in 13 airports managed by the company, from 84.29 million passengers in 2015, increased 12 percent to 94.63 million passengers in 2016," said Muhammad Awaluddin, Sunday (29/1).

In addition, Awaluddin continued, the increase in air passenger flows also triggered by company policies that provide incentives to airlines that open new international routes in a number of airports, as well as for airlines that operate extra flight outside regular hours.

"This positive performance is also supported by the operation of several new terminals in 2016, namely: Terminal 3 at Soekarno-Hatta International Airport, New Terminal at Bandung Husein Sastranegara Airport, and  Sultan Taha Airport in Jambi ," he said.

Efficiency for better effectiveness, especially in the fourth quarter of 2016 also helped the company to achieve revenues of Rp6.65 trillion. This figure is higher than the company's initial target of Rp6.57 trillion.

In 2016, Angkasa Pura II also had successfully established  two new subsidiary companies, PT Angkasa Pura Propertindo (APP) and PT Angkasa Pura Cargo (APK) to increase revenue contribution from non-aero business. The two new subsidiaries complement its subsidiary that has previously operated - PT Angkasa Pura Solutions (APS).

According to Muhammad Awaluddin, The estabilishment of the two new subsidiaries is in line with the arrangement on corporate level strategy and business level  strategy, as well as part of the implementation of Triple-GB program  (Getting Bigger, Getting Broader and Getting Better).

"Currently, the revenue contribution from the aero business is still higher than non-aero business. With the establishment of Angkasa Pura Propertindo and Angkasa Pura Cargo, we hope that the contribution of non-aero business will reach 50 percent of the total revenues in 2018," he said.

The three subsidiary companies owned by Angkasa Pura II is expected to achieve revenues of up to Rp1.14 trillion in 2017, or approximately 13 percent of the company's revenue which will come from APS Rp 667 billion, APK Rp443 billion, and from APP Rp38,7 billion. (Translator: Sugiarti)