White Horse to Spend $16 Million, Focus on Regular Taxis
Bareksa • 30 Jun 2014
Taxi drivers on strike stand near the Eiffel tower as they protest in Paris February 10, 2014. A one-day taxi strike snarled rush-hour traffic in France's two largest cities on Monday with drivers protesting competition from unregulated cabs (REUTERS/Gonzalo Fuentes)
The firm also aims for a 971 percent increase in net profit to Rp 18.9 billion this year from Rp 1.7 billion last year.
Bareksa.com - Publicly-listed transportation firm PT Panorama Transportasi (WEHA), better known as White Horse, has set aside Rp 194 billion (US$16.1 million) this year to expand its fleet, particularly regular taxis.
As quoted from The Jakarta Post, White Horse financial director Angreta Chandra said after a shareholders meeting on Friday that around 70 percent of the Rp 194 billion would be used to purchase 700 new regular taxis, while the remaining 30 percent would be used on other vehicles.