PT Indonesia Kendaraan Terminal Tbk (IPCC) managed to record a positive financial performance during the first quarter of 2021.

Investor Relations of Indonesia Vehicle Terminal Reza Priyambada said after the company was able to reduce losses in the fourth quarter of 2020 to a profit of Rp. 6.67 billion from a loss of Rp. 32.49 billion, in the first quarter of 2021, the company again recorded a profit for the year of Rp. 17.89 billion or up 168.22% quarter on quarter (QoQ).

"Thus, the value of the company's earnings per share (EPS) increased from Rp3.67 in the fourth quarter of 2020 to Rp9.84 in the first quarter of 2021," said Jakarta on Friday (2/7).

According to Reza, the terminal services segment increased by 11.42%, from Rp100.09 billion in the fourth quarter of 2020 to Rp111.52 billion in the first quarter of 2021. Meanwhile, in the goods services segment, in the first quarter of 2021, it reached Rp6.72 billion, an increase of 17