JAKARTA – PT Astra Graphia Tbk (ASGR) recorded a net profit of Rp204.66 billion in 2024, marking a 45.1% year-on-year (yoy) increase compared to Rp141.07 billion in the previous year.

This achievement came even as the company, a subsidiary of PT Astra International Tbk (ASII), saw a 5.4% yoy decline in revenue to Rp2.81 trillion in 2024.

Hendrix Pramana, President Director of ASGR, attributed the profit growth to the company’s efficiency and innovation efforts.

“The implementation of operational excellence, good cash flow management, and digitalization in our business processes contributed to our profit growth this year,” Hendrix stated in an official release.

He added that ASGR had launched several strategic initiatives to maintain its performance, from strengthening core businesses to seeking new opportunities to support business growth.

The document solutions business line was the main revenue contributor in 2024, generating Rp1.4 trillion, or around 48% of total revenue. Meanwhile, the information technology solutions segment contributed Rp1.35 trillion, and the office solutions segment added Rp126.94 billion.

As of December 2024, Astra International remains the controlling shareholder of ASGR, holding 76.87% of the company’s shares, while the remaining 23.13% is owned by public investors. (KR/ZH)