Serasi Autoraya profit sinks to Rp 265.92 billion in 2019
JAKARTA - PT Serasi Autoraya Tbk (TRAC) recorded a Rp 265.92 billion current-year profit in 2019, down from Rp 322.29 billion in 2018.
According to the company's financial report as of December 31, 2019, TRAC posted Rp 5.33 trillion in revenue, down from Rp 5.70 trillion in 2018. The largest contributor to the company's revenue was vehicle and used vehicle rent services. However, the two segments' contributions amounted to Rp 1.78 trillion and Rp 1.33 trillion respectively, down from Rp 1.84 trillion and Rp 1.64 trillion in 2018.
Other dropping revenues were from the transportation arrangement service at Rp 948.47 billion, down from Rp 1.04 trillion; driver service at Rp 246.42 billion, down from Rp 302.59 billion; and taxi service at Rp 4.52 billion, down from Rp 19.26 billion.
Increasing revenues came from the sales of used vehicles at Rp 807.97 billion, up from Rp 644.83 billion; services at Rp 120.17 billion, up from Rp 115.25 billion; auction service at Rp 87.20 billion, up from Rp 84.31 billion; and ijarah at Rp 6.07 billion, up from Rp 3.74 billion. (LK/MS)