JAKARTA. PT Astra Graphia Tbk (ASGR) recorded a net profit of IDR 97.07 billion in 2022, shifting 11.2% year-on-year (yoy) or compared to its net profit in 2021 of IDR 86.46 billion.

According to the recently published financial report, ASGR’s net profit in 2022 was supported by its revenue that reached IDR 2.91 trillion. The document solution business line was still the primary contributor to the total revenue, generating IDR 1.27 trillion to the total revenue. Then, the information technology segment contributed IDR 1.28 trillion to the revenue, followed by the office solution segment of IDR 431.3 billion.

It is worth mentioning that ASGR’s revenue in 2022 was actually 11.8% yoy lower compared to IDR 3.3 trillion in 2021. Hendriz Pramana, President Director of ASGR, claimed that said downturn was caused by the declining performance of office solution line.

“However, Astra Graphia keeps seizing and optimising business opportunities in order to realise solid growth and become a more resilient and sustained company,” Pramana mentioned further.

Until December 31, 2022, ASGR recorded cash and cash equivalent of IDR 1.26 trillion. Meanwhile, its total assets and equity clocked up to IDR 2.7 trillion and IDR 1.7 trillion, respectively. (KR/ZH)