Pressures on Blue Bird Eased Off?

Conventional taxi operator Blue Bird (BIRD) booked net profit of Rp191.7 billion in the first half ended June 30, 2018, down only by 1.3% from the corresponding period of 2017. Compared to the first quarter, Blue Bird reported improvements in the second quarter. It remains to be seen whether series of government policies meant to ‘protect’ the industry from digital disruption started to kick in.To subscribe please click here