JAKARTA. PT Satria Antaran Prima Tbk (SAPX), a transportation and logistics company, reported revenue of IDR 358.47 billion in the first half (H1) of 2024, up 22.75% year-on-year (yoy).

According to its operational area, most of SAPX’s revenue in H1 2024 came from Greater Jakarta Area, contributing IDR 298.95 billion. In the meantime, revenue from outside Greater Jakarta Area was reported reaching IDR 59.41 billion.

With various business strategies implemented by SAPX, it managed to score net profit of IDR 4.81 billion in H1 2024. Its net profit skyrocketed 329% yoy in H1 2024, compared to H1 2023, in which the company booked net profit of only IDR 1.12 billion.

According to IDNFinancials data, SAPX recorded total assets of IDR 351.6 billion until the end of June 2024, with cash and cash equivalent of IDR 65.18 billion, while total equity was seen at IDR 181.87 billion. (KR/ZH)