JAKARTA – The performance of PT Avia Avian Tbk (AVIA) was corrected in 2022, recording profit and revenue decline of 2.37% yoy and 1.25% yoy, respectively.

Based on the 2022 Financial Report published Thursday (2/3), Wijono Tanoko, President Director of AVIAN, mentioned that the company booked revenue of IDR 6.69 trillion in 2022, slightly declining from IDR 6.77 trillion seen in 2021.

Its gross profit and current year’s net profit reportedly reached IDR 2.71 trillion and IDR 1.4 trillion, respectively, in 2022. For comparison, in 2021, its gross profit and current year’s net profit were IDR 2.82 trillion and IDR 1.43 trillion.

The largest contribution to sales, covering 99.9% of the revenue, was the third party, generating IDR 6.64 trillion, whereas the related parties brought in IDR 45.37 billion. Similar to 2021, sales to third parties clocked up to IDR 6.73 trillion, and sales to related parties reached IDR 41.83 billion.

Based on the distribution network, AVIA’s own distributor turned in IDR 5.84 trillion of revenue, shrinking from IDR 5.91 trillion. Then, third-party distributors contributed IDR 822.45 billion, also declining from IDR 843.44 billion, while direct sales increased from IDR 19.23 billion to IDR 30.24 billion. (LK/ZH)