JAKARTA - PT Adi Sarana Armada Tbk (ASSA) posted a comprehensive net profit attributable to owners of the parent company of IDR123.57 billion in the first nine months of 2022, an increase of 41% from IDR87.74 billion in the same period the previous year.
Through its three main business pillars, namely the mobility business (vehicle rental, driver services, car sharing logistics services), the vehicle buying and selling business (JBA Auctions and Online-to-Offline used car dealers-Caroline), and end-to-end car dealerships. end logistics (logistics and courier express Anteraja), the Company booked revenue of IDR4.63 trillion, increase 33% from IDR3.48 trillion in the same period in 2021.
“In the first nine months of 2022 which was full of challenges due to the increase in prices of several commodities, especially fuel prices, as well as the high rate of inflation, the Company as a whole managed to record a fairly good performance with revenues increasing by 33% and maintaining business sustainability. Therefore, we are optimistic that we are on the right track and will continue our expansion plans. However, we will increase our caution as it is currently still in the consolidation period," said ASSA's President Director, Prodjo Sunarjanto.
As of September 30th, 2022, ASSA's total current assets were recorded at IDR1.87 trillion, an increase of 76% compared to the position on December 31st, 2021 which amounted to IDR1.06 trillion. (LM)