Three Business Pillars Working Maximum, ASSA's Net Profit Of Conglomerate TP Rachmat Increases 29 Percent To Rp97.25 Billion In Six Months

Photo: Doc. Adi Sarana Fleet

JAKARTA - PT Adi Sarana Armada Tbk (ASSA) managed to grow its net profit by 29 percent in six months of this year. The value reached Rp97.25 billion, from the same period the previous year Rp75.44 billion.

"We are grateful that until the first semester, the company managed to record performance as expected. We will strive to maintain the positive performance of the Company, so that all targets for 2022 can be achieved," said ASSA President Director, Prodjo Sunarjanto in his statement, Thursday, July 28.

The positive performance of the issuer, which operates in the mobility, logistics and supporting sectors belonging to the conglomerate TP Rachmat, cannot be separated from the contribution of its three main business pillars. Starting from the mobility business (vehicle rental, driver services, free online car rental applications), the vehicle buying and selling business (Auction-JBA and Online-to-Offline used car dealers-Caroline), and end-to-end logistics (logistics). and Anteraja express courier).

Through the three business pillars, the company recorded revenue of Rp3.17 trillion in the first semester of 2022, up 50 percent from Rp2.11 trillion in the same period in 2021.

Meanwhile, the Company's cost of revenue also increased 55 percent yoy, to Rp2.55 trillion. This happened because of the need for costs for business expansion in the mobility and logistics business that was being carried out.

The company, which as of June 30, 2022, had total assets of IDR7.31 trillion, recorded an increase in operating profit of 13 percent yoy, from IDR208.66 billion to IDR236.01 billion in the first semester of 2022.