Net Profit of Pembangunan Jaya Ancol (PJAA) Grows 52.48% Throughout 2023

February 04, 2024, 06.35 AM  | Reporter: Sabrina Rhamadanty
Net Profit of Pembangunan Jaya Ancol (PJAA) Grows 52.48% Throughout 2023

ISSUER NEWS - JAKARTA. PT Pembangunan Jaya Ancol Tbk (PJAA) in 2023 managed to record a Net Profit of IDR 235.17 billion or grew by 52.48% with operating income reaching IDR 1.27 trillion or up 32.98% compared to the same period in 2022, Year on Year (YoY). 

In addition, PJAA also recorded a basic earnings per share of IDR 147, up 52.48% from the same period the previous year worth IDR 96. The tourism segment is the largest and significant contributor to operating income in 2023. This segment supports up to 79.29%, an increase compared to 2022, which is 79.21%. 

This is inseparable from the phenomenon of “revenge tourism” after the Covid-19 pandemic. PJAA cleverly responded to this phenomenon by presenting various programs to increase the attractiveness of the area which then also increased the level of tourist visits.

During 2023, the Ancol Dream Park tourist area was recorded to have been visited by 11.14 million people or grew by 42.78% compared to the same period in 2022. This growth quickly improved the company's financial performance towards achievements that had been achieved before the Covid-19 pandemic.  

“We thank the community who chose Ancol Dream Park Tourist Area as their main tourist destination and the support of all stakeholders for the performance achievement in 2023. We are committed to always presenting quality entertainment supported by excellent service so that we can provide the most memorable recreational experience for all visitors," said Winarto, the President Director of PJAA in a written statement received by Kontan, Friday (02/02).

In 2023, PJAA also inaugurated the Sun Bear Exhibit at Ancol Ocean and carried out various intensification and revitalization programs of products, such as Whale Cottage and several other operational facilities. In addition to achievements in the tourism sector, PJAA also managed to increase the Corporate Credit Rating from “idA/stable” to “idA+/stable”. 



As additional information, PJAA this year has prepared a capital expenditure (capex) budget of IDR 2 Trillion. Winarto also once said that Ancol's business is not only centered on the amusement park but also on the property development sector. This 2024 will be a year where the company will focus more on the property sector. 

“There are two Ancol businesses, one is this recreational area, the area is about 160 hectares that's the first. The second is property development," Winarto told Kontan some time ago. 

He added that after being free from Covid-19, the company began to improve financially therefore next year the company will maximize steps for better performance.

Editor: Syamsul Azhar

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