PT Weha Transportasi Indonesia Tbk (WEHA) has closed the fourth quarter of 2023 on a high note, with impressive financial performance. The company reported a revenue of Rp 267 billion, marking a 46% increase compared to the previous year’s revenue of Rp 183 billion. This figure exceeded the initial target of Rp 260 billion set by the company. Additionally, the net profit for 2023 stood at Rp 31.7 billion, showing a significant increase of 59% from the previous year’s net profit of Rp 19.9 billion.
According to Edgar Surjadi, the Director of Finance & Accounting at WEHA, this positive performance can be attributed to the growth experienced across all three business lines of the company throughout 2023. „As known, the company has three business lines, namely bus charter, intercity shuttle, and logistics, as well as open trips. All three business lines recorded positive revenue performance in 2023,“ he stated in an official statement on Monday (25/3/2024).
Delving deeper into the details, Edgar highlighted that the revenue from the bus charter segment, which involves the rental of tourist buses under the White Horse brand, increased from Rp 84.1 billion in 2022 to Rp 111.6 billion in 2023, representing a 33% growth compared to the previous year. Similarly, the revenue from the intercity shuttle segment saw a significant increase from Rp 91.3 billion in 2022 to Rp 144.8 billion in 2023, marking a 59% growth year-on-year. In the open trip segment, the revenue for 2023 also saw a 38% increase, reaching Rp 10.3 billion compared to Rp 7.5 billion in 2022.
„In the bus charter business line, the company continues to upgrade several vehicles and continuously add new units to ensure that customers can experience comfort when using our vehicles,“ Edgar explained.
The success of PT Weha Transportasi Indonesia Tbk in achieving such positive financial results in 2023 reflects the company’s commitment to providing quality services across its various business segments. With a focus on customer satisfaction and continuous improvement, WEHA has positioned itself as a leading player in the transportation industry in Indonesia.
As the company continues to expand and enhance its services, it is poised for further growth and success in the coming years. The strong performance in 2023 sets a solid foundation for WEHA to build upon and reinforces its position as a key player in the Indonesian transportation sector.
