Conventional Taxi Operators Weaken in Q1: Hit by Apps?

PT Blue Bird Tbk (BIRD), the largest conventional taxi operator, booked net profit of Rp138.3 billion in the first quarter of 2016, crashed 38% from the corresponding period of 2015. Second largest operator, Express Transindo (TAXI), was forced to record net loss of Rp9.8 billion against profit of Rp20.3 billion in the first quarter of 2015. Hit by web-based taxi services like Uber and GrabCar?To subscribe please click here