Buying New Vehicle Units, Adi Sarana Owned By Conglomerate TP Rachmat Gets Rp300 Billion Loan Facility From Bank Muamalat

Photo: Doc. Adi Sarana Fleet

JAKARTA - PT Adi Sarana Armada Tbk received additional funds for expansion purposes. One of the sources comes from bank loans.

In an information disclosure to the Indonesia Stock Exchange (IDX), Friday, August 19, the logistics company owned by conglomerate TP Rachmat has just signed an al-musharakah-non-revolving line facility financing facility with PT Bank Muamalat Tbk. The value is IDR 300 billion.

According to Adi Sarana Corporate Secretary Jerry Fandy Tunjungan, the transaction took place on August 16. "The goal is to purchase a new vehicle unit," wrote Jerry.

In detail, Jerry explained, with the loan facility, the company can buy units of vehicles to be rented out to customers.

In addition, the company's revenue will also increase so that business activities will also develop.

For information, this issuer engaged in the mobility, logistics and supporting sectors posted a net profit of IDR 97.25 billion in the first semester of 2022, up 29 percent from IDR 75.44 billion in the same period the previous year.

This achievement cannot be separated from revenues of IDR 3.17 trillion, up 50 percent from IDR 2.11 trillion in the same period in 2021.

As of June 30, 2022, the company has total assets of IDR7.31 trillion.