PT Jasa Armada Indonesia Tbk (IPCM), until the first quarter of 2021, posted a comprehensive profit of Rp33 billion, up 2% compared to the same period in the previous year of Rp32.3 billion.

This profit was supported by an increase in revenue of 0.2% to Rp184.5 billion. The largest contribution came from ship towing services of around Rp162.3 billion, or 88% of total revenue.

In addition, the company managed to reduce the rate of general and administrative expenses by 19% or from Rp. 28 billion to Rp. 22.9 billion, so that the company's operating profit increased by 5.1% to Rp. 38.7 billion.

Other balance sheets also showed improvement in the first quarter of this year, with a decrease in liabilities of around 24.6% to Rp238.9 billion from Rp316.6 billion.

"In addition to improving financial performance, IPCM is also increasingly playing a role in the implementation of the ISO 37001:2016 Anti-Bribery Management System for business par