Astra International Aims For Capex Of Up To IDR 24 Trillion In 2023

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - PT Astra International Tbk (ASII) allocates capital expenditure (Capex) and consolidated investment funds of IDR 39 trillion in 2023.

"In terms of aggregate, the capex (capital expenditure) and investment are around Rp. 39 trillion. This is a consolidation figure," said Astra Djony President Director Bunarto Tjondro quoting Antara.

His party detailed that the company will prepare a capital expenditure of IDR 24 trillion in 2023. If we talk about capex, this year is IDR 24 trillion," said Djony

If you look at 2019 or the pre-pandemic situation, he explained that the company allocated capital expenditures of IDR 14.3 trillion, which according to him, this reflects that the Astra Group remains optimistic in the midst of a transition situation from pandemic to endemic.

"It shows our optimism for the Indonesian economy," said Djony.

Meanwhile, he continued, which amounted to Rp15 trillion, the company will back up investment funds. We cannot disclose any investments in the sector or business lines at this time," said Djony.

The issuer with the stock code ASII recorded a consolidated capital expenditure and investment of IDR 26.4 trillion in 2022, or a double growth compared to 2021.

Initially, the company prepared a capital expenditure of IDR 19 trillion for 2022, however, in its development, this figure has been adjusted to an estimate of IDR 25 trillion, as the company plans to expand to digital banks.

For information, the issuer coded ASII posted a consolidated net profit, including a reasonable value adjustment for investment in GoTo and Hermina, amounting to IDR 8.7 trillion in the first quarter of 2023, or an increase of 27 percent year on year (yoy) compared to the first quarter of 2022.

The company posted a net income of IDR 82.89 trillion during the first quarter of 2023, or an increase of 15 percent yoy compared to IDR 71.87 trillion in the first quarter of 2022.