ADCP - PT. Adhi Commuter Properti Tbk

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JAKARTA – The profit of PT Adhi Karya (Persero) Tbk (ADHI) was seen increasing massively by 102.55% year-on-year (yoy) to IDR 175.20 billion in 2022. Said growth coincided with 17.51% increment in its revenue.

In the 2022 Financial Report quoted Friday (3/3), Entus Asnawi Mukhson, President Director of Adhi Karya, claimed that the company managed to score IDR 13.54 trillion of revenue, while its gross and operating profit reached IDR 1.79 trillion and IDR 1.06 trillion, respectively.

The highest operating revenue was recorded by the engineering and construction segment of IDR 10.81 trillion, followed by the investment and concession segment of IDR 1.12 trillion. The property and hospitality segment generated IDR 842.05 billion, while the manufacturing segment brought in IDR 775.98 billion.

Users with more than 10% contribution to the total revenue are the Ministry of Transportation, which generated IDR 3.33 trillion, and the Ministry of Public Works and Housing of IDR 2.79 trillion.

In 2021, ADHI managed to collect IDR 11.53 trillion of revenue, IDR 1.75 trillion of gross profit, IDR 1.12 trillion of operating profit, and IDR 86.49 trillion of current year’s net profit. For the record, the company continued to gain profit amidst the COVID-19 pandemic that causes depression in the construction and infrastructure sector. (LK/ZH)