PT Blue Bird Tbk 2017 AR2
The report highlights PT Blue Bird Tbk's performance and strategic initiatives during the fiscal year 2017. Facing intense competition from online transportation services, the company focused on service quality and expanded its digital features, including the launch of the "My Blue Bird" application in several cities and the introduction of the "Easy Ride" non-cash payment feature. Blue Bird also diversified its business by expanding into the upper mass market with shuttle bus services under JR Connexion and JA Connexion. Financially, the company reduced its bank debt by 91% to Rp764 billion through accelerated payments, significantly improving its debt-to-equity ratio to 0.32x. Additionally, the company allocated Rp9.957 billion for corporate social responsibility programs, focusing on employee welfare, education, and community support.
Company: PT Blue Bird Tbk
Sector: Transport & logistics
Country: Indonesia
Year: 2017
Type: AR2
Pages: 310
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PT Blue Bird Tbk
Annual Report
The report highlights PT Blue Bird Tbk's performance and strategic initiatives during the fiscal year 2017. Facing intense competition from online transportation services, the company focused on service quality and expanded its digital features, including the launch of the "My Blue Bird" application in several cities and the introduction of the "Easy Ride" non-cash payment feature. Blue Bird also diversified its business by expanding into the upper mass market with shuttle bus services under JR Connexion and JA Connexion. Financially, the company reduced its bank debt by 91% to Rp764 billion through accelerated payments, significantly improving its debt-to-equity ratio to 0.32x. Additionally, the company allocated Rp9.957 billion for corporate social responsibility programs, focusing on employee welfare, education, and community support.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees