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AVIA scored 26% profit growth in 2021

18 March 2022 09:36

JAKARTA. PT Avia Avian Tbk (AVIA) posted a net profit of IDR 1.4 trillion, increasing 26% year-on-year (yoy) in 2021, supported by the increased revenue of architecture solution products of 17.77%.

The architecture solution products generated sales of IDR 5.3 trillion, followed by the trading goods sales of IDR 1.47 trillion. The latter reported a 20.49% increase, resulting in AVIA’s total sales that reached IDR 6.77 trillion, 18.15% higher year on year.

As the sales increased, so did the costs. Its cost of revenue climbed 23.05% yoy to IDR 3.95 trillion. However, the gross profit still clocked up to IDR 2.82 trillion, shifting 12.35% higher. Then, the general and administrative expenses also went up by 11.59% yoy to IDR 181.56 billion, while the selling expenses amounted to IDR 889.06 billion.

In addition, AVIA also noticed that its operating profit massively proliferated from IDR 9.76 billion to IDR 47.48 billion. Thus, by the end of 2021, it managed to end up with a net profit of IDR 1.4 trillion, higher than IDR 1.13 trillion reported in 2020. (AM/ZH)

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