Astra International Serap Capex Up To 33.24 Percent In Semester I-2024

Rupiah (Photo: Antara)

JAKARTA - PT Astra International Tbk (emiten code: ASII) noted that the company's budget absorption for capital expenditure (capex) and investment reached 33.24 percent in the first semester of 2024.

"So, our budget for capex and investment in 2024 after the adjustment we made was IDR 37 trillion and until the first half of 2024 it had been absorbed IDR 12.3 trillion," said Astra International President Director Djony Bunarto Tjondro quoting Antara.

He said that about 70 percent of the budgets that had been absorbed were used for heavy equipment and mining business lines.

Meanwhile, he continued, the remaining 30 percent were absorbed in various other company business lines, especially in the plantation and agribusiness sectors, as well as for sales operations.

Regarding the company's investment direction, Djony said that his party is trying to invest in various sectors and factors that can improve performance and optimize the company's core business.

Through this step, he said that his party is trying to expand the scope of various core companies' businesses, for example by investing in Bank Saqu's digital banking and the former OLX car sales platform.

"Then beyond that, of course, is (investing in new sectors) and in Astra we always align the potential sector that we want to enter with the direction of Indonesia's economic growth," said Djony.

He stated that his party tends to choose to invest in potential sectors to boost the national economy in the long term.

Meskipun demikian, pihaknya tetap menyesuaikan strategi investasi tersebut dengan strategi pengembangan setiap sektor bisnis dalam ekosistem perseroan.

Djony said that in recent years his party has focused on developing the non-coal mining sector through United Tractors as its subsidiary and investing in the health technology sector through Halodoc.

"We are sure that with all the studies we have made, how the prospects for future growth, how this will become a strategic fit in one Astra ecosystem, we are sure that this effort will become a good growth engine," he added.

Astra International is currently listed as having a number of core business classifications, namely automotive; financial services; heavy equipment; mining, construction, and energy; agribusiness; infrastructure and logistics; information technology; and property.