JAKARTA - PT Alam Sutera Realty Tbk (ASRI)'s net profit plunged 41.78% to IDR 632.32 billion in 2023 from 2022 profit of IDR 1.09 trillion. This decline in performance is in line with the decline in sales and other business services.

In the 2023 Financial Report quoted on Thursday (26/3), this issuer recorded sales, service income and other businesses of IDR 3.95 trillion, down 11.96% from sales in 2022 which collected IDR 4.49 trillion. Gross profit was recorded at IDR 2.14 trillion, down 18.43% from 2022 of IDR 2.63 trillion.

The gross profit margin was recorded at 54.25%, sloping from the gross profit margin in 2022 at the level of 58.55%. Profit before tax expense was IDR 667.94 billion, down 39.61% from IDR 1.10 trillion. Profit for the year was IDR 637.63 billion, down 41.94% from IDR 1.09 trillion.

Revenue from the real estate segment was IDR 3.19 trillion, followed by hospitality and infrastructure services IDR 551.86 billion, and tourism IDR 202.67 billion.

In the real estate segment, sales of houses and shophouses contributed IDR 2.42 trillion, followed by land sales IDR 674.11 billion, apartments IDR 78.99 billion, and office buildings IDR 13.66 billion.

For hospitality and infrastructure services, income from rentals and facilities was IDR 220.93 billion, followed by income from city management IDR 194.88 billion, recreation IDR 6.18 billion, and others IDR 129.85 billion.

In the tourism segment, income from ticket sales contributed IDR 122.90 billion, followed by restaurant income of IDR 34.64 billion, rental income of IDR 15.87 billion, and others of IDR 29.33 billion. (LK/LM)