The Story Of A Logistics Business Owned By Conglomerate Theodore Permadi Rachmat To Contribute To Adi Sarana's Revenue Of IDR 2.8 Trillion

Photo: Doc. Adi Sarana Fleet

JAKARTA – PT Adi Sarana Armada Tbk (ASSA) is grateful. The company's move into the logistics business 3 years ago has paid off.

The logistics service comes from Anteraja's delivery express business line, which has managed to achieve revenue growth of 248 percent and has contributed to ASSA's profit at the end of 2021.

ASSA's President Director, Prodjo Sunarjanto, explained this condition of course made ASSA transform. "Moreover, ASSA's revenue trend has always been dominated by the rental business, followed by sales of used vehicles until the first quarter of 2021", said Prodjo in his statement, Wednesday, April 13.

Then, since the second quarter of 2021, revenue from the logistics business line, which consists of ASSA Logistics Services and Anteraja (Delivery Services) managed to increase, exceeding the revenue contribution from other business lines.

For the record, in 2021 the company owned by conglomerate Theodore Permadi Rachmat recorded an increase in revenue of 68 percent year on year (YoY), from IDR 3 trillion in 2020 to IDR 5.1 trillion in 2021.

Meanwhile, profit for the year attributable to the parent entity was recorded at Rp142.6 billion, an increase of 64 percent compared to the previous year which was recorded at IDR 87.1 billion.

As of December 2021, Anteraja managed to become the largest contributor to ASSA's revenue with a contribution of IDR 2.8 trillion, or around 54 percent of ASSA's total revenue in 2021.