State-owned port operator PT Pelabuhan Indonesia (Pelindo) II booked net profit of Rp1.55 trillion in the third quarter (Q3) this year, grew 8.4% from Rp1.43 trillion in the same period last year. Revenues rose 19.6% to Rp7.62 trillion, supported by 21.7% increase in ship traffic and 10.8% rise in container contribution. Pelindo II, or Indonesia Port Corporation (IPC), plans in December launch IPO of its unit, PT Jasa Armada Indonesia (JAI). JAI will offer 30% shares to public, targeting to raise Rp2 trillion fund. Acting as underwriters are Danareksa, Mandiri Sekuritas, and RHB Sekuritas Indonesia.
