JAKARTA. PT Hexindo Adiperkasa Tbk (HEXA), a heavy equipment trading and rental company, scored net profit of USD 43.8 million in 2023, increasing 25.3% year-on-year (yoy).

According to IDNFinancials data, HEXA’s net profit in 2023 was supported by its net revenue that managed to reach USD 487.27 million, which proliferated 16.5% yoy.

Based on business segments, sales and rents of heavy equipment were still the primary contributors of HEXA’s revenue in 2023, scoring net income of USD 316.69 million. Then, sales of heavy equipment spare parts also generated income of USD 97.52 million, while maintenance and repair services brought in USD 64.06 million.

Interestingly, the highest operating profit reported by HEXA did not come from heavy equipment sales and rents. Instead, it came from heavy equipment spare part sales, turning in operating profit of USD 27.8 million. For comparison, heavy equipment sales and rents only generated USD 17.22 million.

Until the end of December 2023, HEXA’s total assets were recorded at USD 416.69 million, while its total equity clocked up to USD 168.32 million. (KR/ZH)