JAKARTA – Net profit of  PT Adi Sarana Armada Tbk (ASSA) shot up 79.82% year-on-year (yoy) to IDR 212.67 billion in Q3 2024 from IDR 118.26 billion seen in the same period in 2023. Passenger car lease and autopool segment brought in 32.87% of total revenue in this period.

Based on Q3 2024 Financial Report quoted Tuesday (29/10), Prodjo Sunarjanto Sekar Pantjawati, President Director of ASSA, mentioned that the company scored revenue of IDR 3.64 trillion, up from IDR 3.46 trillion seen in Q3 2023.

Its gross profit followed the positive shift, recording 28.24% year-on-year (yoy) surge to IDR 1.07 trillion from IDR 839.77 billion, while operating profit nearly doubled, up 98.88% from IDR 273.92 billion.

Passenger car lease and autopool recorded revenue of IDR 1.19 trillion in Q3 2024, up from IDR 1.14 trillion, with delivery service increasing from IDR 1.13 trillion to IDR 1.16 trillion.

Then, used vehicles’ sales went up to IDR 648.88 billion from IDR 639.11 billion, followed by driver lease that slipped to IDR 228.81 billion from IDR 240.15 billion.

Following behind, logistic services’ income increased to IDR 207.32 billion from IDR 166.42 billion, and auction also soared to IDR 195.55 billion from IDR 132.81 billion. (LK/ZH)