ASSA relies on AnterAja as its primary contributor
JAKARTA. The logistic service provider, AnterAja, is envisioned to be the main drive of PT Adi Sarana Armada Tbk (ASSA) to attain its net profit target growth of 170% by the end of 2021.
Suyanto Tjoeng, Director of Business and Services of Adi Sarana Armada, claims that this year, its logistic business line, AnterAja, is focusing on expanding its network and capacity to secure the market of e-commerce, social commerce, and retail users. Thus, the management expects AnterAja to be the foremost contributor to ASSA’s revenue, bringing 50% to 55% by the end of the year.
AnterAja generates 47% of ASSA’s consolidated revenue in the first half of 2021, bringing IDR 982.3 billion to IDR 2.11 trillion. “Our top line in the first half of 2021 reaches 50% compared to H1 2020. For the entire year, our target is 25%-30%, with the bottom line growing by 170%,” Tjoeng further revealed through the virtual press conference yesterday (7/9).
By the end of this year, AnterAja is targeted to handle 1 million packages per day. In order to reach this objective, the company continues to enhance its capacity by installing the first robotic sorter machine in Indonesia. The said machine could accelerate and subsequently multiply the volume of managed packages.
AnterAja also starts to solidify its application-based logistic ecosystem with Gojek and Grab to serve more customers. Furthermore, ASSA also makes transformations by developing digital-based businesses, such as Share Car, online auction JBA, Caroline, and Cartalog. (AM/ZH)