JAKARTA - PT Adi Sarana Armada Tbk (ASSA) recorded revenue growth of 25% year on year (yoy) to Rp 2.33 trillion in 2019.
According to ASSA President Director Prodjo Sunarjanto, the largest contributor to the company’s revenue in 2019 was its passenger car and autopool services with 54%, followed by sales of used vehicle with 17%, rental drivers 13%, logistics services 7%, auction service 6%, express delivery service 3.6%, and the company’s new businesses Share Car and Caroline.id with 0.03%.
“Currently we are aiming to increase our fleet to meet rising market demand,” said Mr Sunarjanto in an official statement received by IDNFinancials.com, Tuesday (31/3).
For 2020, ASSA has budgeted capital expenditure (capex) of Rp 2 trillion. According to Mr Sunarjanto, Rp 1.4 trillion of the capex will be used to purchase 6,500-7,000 new vehicles to strengthen the company’s fleet, and the remaining Rp 600 billion will be used as capital for the company’s subsidiaries and new businesses. (MS)