ASRI Records Marketing Sales Reaches IDR 1.2 Trillion Until Semester I 2024

PT Alam Sutera Realty Tbk (ASRI) recorded pre-sales revenue or marketing sales of IDR 1.2 trillion until the first semester of 2024.

Investor Relations Alam Sutera Tassa Remisha said the achievement came from two major ASRI business segments, namely residential Rp996 billion and commercial Rp204 billion.

"The company posted marketing sales of IDR 1.2 trillion in the first semester of 2024, an increase of 20 percent yoy compared to the same period last year," said Tassa in the online Public Expose Live agenda, Thursday, August 29.

Tassa said, this achievement has reached 42 percent of the marketing sales target throughout 2024.

ASRI targets marketing sales of IDR 2.8 trillion so far this year.

Of that target, it was IDR 2 trillion from the residential and IDR 800 billion from the commercial segment.

He also detailed a number of projects that contributed to the achievement of marketing sales until the first semester of this year.

First, from The Gramercy amounting to Rp220 billion, Agra Cluster Rp222 billion, apartments Rp100 billion, commercial products Rp192 billion and the rest is stock sales.

"The marketing sales composition for the first semester of 2024 is dominated by 75 percent of residential housing and land sales and the rest is apartment sales and commercial products," he said.

In the second semester of 2024, ASRI has also prepared several new products, namely residential and commercial products.

As for the first quarter of 2024, ASRI recorded a net profit of IDR 42.12 billion, up 39 percent on an annual basis, aka year on year (yoy).

Sales, service and other business revenues were recorded at IDR 947.27 billion, up 36 percent yoy from IDR 695.06 billion.