AnterAja Profitable, Adi Sarana Armada Achieves Rp5.1 Trillion Revenue in 2021
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Transportation issuer PT Adi Sarana Armada Tbk achieved revenue of Rp5.1 trillion with a net profit of Rp142.6 billion in 2021. The company successfully recorded an increase in both revenue and net profit.
This issuer, with the stock code ASSA, increased its revenue by 68% from Rp3.04 trillion in 2020. Meanwhile, net profit increased by 64% from Rp87.1 billion.
ASSA's transportation subsidiary, AnterAja, contributed the largest revenue. AnterAja recorded revenue of Rp2.77 trillion in 2021.
This contribution from AnterAja has surpassed the contribution from the vehicle rental line, which was previously ASSA's main business line. In 2021, rental services recorded revenue of Rp1.74 trillion.
Last year, ASSA conducted an initial public offering (IPO) for one of its subsidiaries, PT Autopedia Sukses Lestari. Autopedia operates in the used car sales sector.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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