JAKARTA. PT Adi Sarana Armada Tbk (ASSA), an issuer in the transportation and logistics sector, has posted a net profit of IDR 118.27 billion during January-September (9M) 2023.

ASSA's net profit in 9M 2023 was supported by revenue performance which reached IDR 3.46 trillion. In addition, net profit was also supported by the company's operational cost efficiency of up to 5.4% yoy to IDR 598.4% in 9M 2023.

According to the financial report just released, ASSA's revenue in 9M 2023 is supported by the passenger car and autopool business lines. This business line contributed to the company's revenue of up to IDR 1.14 trillion. Then the delivery services business line contributed IDR 1.13 trillion, used vehicle sales IDR 639.11 billion, driver rental IDR 240.16 billion, logistics services IDR 166.43 billion, and auction services IDR 132.82 billion.

Prodjo Sunarjanto, President Director of ASSA, said that currently the company is in the business transformation stage towards providing end-to-end logistics services. "The stages that have been planned and implemented have also shown positive results since the beginning of this year, namely operating costs that can continue to be reduced, and net profit that continues to increase from quarter to quarter," said Sunarjanto, through an official statement.

Another effort made by ASSA in the business transformation process is by collaborating with other parties. For example, the collaboration that has been established by one of Anteraja's subsidiaries, with the K24 Pharmacy network, has been going on for almost 2 years.

"The partnership between Anteraja and K24 is a strong foundation for our customer satisfaction, not just for clients and vendors but partners who can provide a commitment to offer a superior experience," said Handy Widiya, CEO of Anteraja. (KR/LM)