Although Revenue Is Down 11.8 Percent, Astragraphia's Profit Grows To IDR 97.1 Billion In 2022

Financial illustration (Photo: Antara)

JAKARTA - PT Astragraphia Tbk's net profit (ASGR) increased 11 percent to IDR 97.1 billion throughout 2022. Where, in the previous year recorded a net profit of IDR 87.31 billion.

As of December 31, 2022, the company, which is part of the Astra group, is facing dynamic market conditions and recorded consolidated net income of IDR 2.91 trillion. This net income decreased 11.8 percent compared to the previous year at IDR 3.3 trillion.

President Director of PT Astra Graphia Tbk Hendrix Pramana said the decline in consolidated net income was contributed by a decrease in revenue in office solutions business units.

"However, Astragraphia always captures and optimizes business opportunities in order to realize strong growth and become a more resilient and sustainable company," he said in an information disclosure, Thursday, February 23.

He explained that income in the work unit of Document Solutions and Information Technology Solutions increased. Where revenue in the Document Solution business unit increased by 6 percent as a result of the growing demand for rental services and machine purchases.

Then, he continued, revenue in the Information Technology Solution Business Unit increased by 13 percent as a result of strengthening market penetration and accelerating the realization of business opportunities in the IT Trading area and IT Services.

"The company's ability to manage cash flow and a better operational cycle will contribute to the increase in Astragraphia's net profit in 2022," he said.

Astragraphia carries out its Sustainability strategy through Triple-P Roadmap (Portfolio, People, Public Contribution) by taking into account good environmental, social and governance aspects.

Throughout 2022, Astragraphia through its Document Solution business unit, is consistently able to maintain its number 1 (one) position in terms of market share in Indonesia for the production printer segment and multifunction in A3 color. Astragraphia, through its subsidiary, PT Astragraphia Xprins Indonesia, also carries out a series of strategic initiatives to strengthen business through the development of the 3D Printing ecosystem in Indonesia.

In line with the focus of business in the field of printing and digital, Astragraphia is committed to supporting and providing benefits for domestic creative industry players.

Through a social contribution program in the entrepreneurship pillar, in November 2022, Astragraphia will organize a series of Astragraphia Class training programs for the Creative Industry (SIK Class) for the families of journalists and SMEs for Rumah Kemasan in the Batu area, East Java.

Then through the pillars of education, Astragraphia also held joint activities with 62 children aged PAUD, TK, to SD grades 1 and 2 in December 2022.