Get A Loan Of IDR 450 Billion From BTPN, Adi Sarana Owned By Konglomerat TP Rachmat Add A New Vehicle Unit

Photo: Doc. Adi Sarana Armada

JAKARTA - The transportation company owned by conglomerate TP Rachmat PT Adi Sarana Armada Tbk (ASSA), is in an expansive position. The company plans to add vehicles to be leased to its customers.

To realize the plan, the company seeks funding from banks. On Wednesday 6 July, Adi Sarana signed a credit loan facility with PT Bank BTPN Tbk (BTPN).

The value is IDR 450 billion. "This term loan credit facility is to finance the purchase of new vehicle units and refinancing used vehicles," said Adi Sarana Corporate Secretary Jerry Fandy Tunjungan in an information disclosure to the Indonesia Stock Exchange, Friday, July 8.

Jerry said that the company hopes that the loan facility for the purchase of the vehicle can increase revenue. "So, the company's business activities are growing," said Jerry.

As of the first quarter of 2022, the company managed to reap a profit for the year attributable to owners of the parent entity of 123.48 percent to Rp72.99 billion from Rp32.66 billion in the same period the previous year.

The increase in the profit of issuers with ASSA stock code is in line with the increase in revenue of up to 59.50 percent to Rp1.54 trillion in the first quarter of this year when compared to the same period in the previous year of Rp963.17 billion.