JAKARTA - PT Acset Indonusa Tbk (ACST) suppressed losses throughout 2023 due to a 126.73% jump in revenue from 2022.

According to the company's 2023 Financial Report quoted on Monday (26/2), the company recorded a loss for the year of IDR 276.63 billion from a loss of IDR 451.61 billion in 2022. The decline in losses was influenced by revenue which shot up to IDR 2.34 trillion from the previous IDR 1.03 trillion.

The company's gross loss was reduced to IDR 40.04 billion from the previous loss of IDR 311.94 billion. Loss before income tax was recorded at IDR 277.46 billion, lower than the loss before tax in 2022 of IDR 456.01 billion.

The largest contributors to revenue were construction services (third party) of IDR 1.10 trillion, up from IDR 556.49 billion, construction support services of IDR 89.71 billion, up from IDR 70.65 billion, and trade of IDR 48.39 billion, up from IDR 43.33 billion.

Meanwhile, revenue from construction services (related parties) was recorded at IDR 1.03 trillion, up from IDR 356.43 billion and construction support services at IDR 72.69 billion, up from IDR 9.93 billion. (LK/LM)