Indonesian Company Profile: Express Transindo Utama, a Leading Taxi Operator
Express Transindo Utama (TAXI), Indonesia's second largest taxi operator after the famous Blue Bird Group, is showing signs of aggressive expansion. In 2012, it became the first Indonesian taxi company ever to go public on the Indonesia Stock Exchange (IDX). It plans to expand its taxi fleet size from the current 8,000 units to over 15,000 by 2015. Regarding expected net profit in 2013, the company has mentioned a 50 percent increase from last year's IDR 79.2 (USD $8.2 million).
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Express Transindo Utama's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Revenue |
219.3 | 338.4 | 520.9 |
| Gross Profit | 55.8 | 137.7 | 183.5 |
| Income before Tax | 46.3 | 81.8 | 106.9 |
| Net Income | 35.0 | 59.6 | 79.2 |
| Earnings per Share¹ | 46.72 | 45.39 | 53.46 |
| Total Assets | 658.5 | 999.2 | 1,782.8 |
| Total Liabilities | 516.5 | 792.0 | 1,096.0 |
in billion IDR rupiah (except stated otherwise)
¹ in IDR rupiah
Sources: Express Transindo Utama, Annual Report 2012