Express Transindo Utama Tbk 2020 AR2
The report outlines PT Express Transindo Utama Tbk's performance and strategic steps during the challenging year of 2020, heavily impacted by the COVID-19 pandemic and competition from online transportation. The company focused on debt restructuring, successfully completing its bank loan settlements and continuing its convertible bond restructuring. Operational efficiency was prioritized by reducing employee headcount by 75% and closing inactive taxi pools. Additionally, the company collaborated in a joint venture to operate Next taxis and maintained its commitment to safety, customer comfort, and basic CSR initiatives.
Company: Express Transindo Utama Tbk
Sector: Transport & logistics
Country: Indonesia
Year: 2020
Type: AR2
Pages: 216
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Express Transindo Utama Tbk
Annual Report
The report outlines PT Express Transindo Utama Tbk's performance and strategic steps during the challenging year of 2020, heavily impacted by the COVID-19 pandemic and competition from online transportation. The company focused on debt restructuring, successfully completing its bank loan settlements and continuing its convertible bond restructuring. Operational efficiency was prioritized by reducing employee headcount by 75% and closing inactive taxi pools. Additionally, the company collaborated in a joint venture to operate Next taxis and maintained its commitment to safety, customer comfort, and basic CSR initiatives.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees