ASSA Revenue in Quarter 1/2021 Increases 37.28%

ASSA’s revenue during the first quarter of 2021 increased by 37.28% to Rp963.17 billion.

Jakarta, TechnoBusiness ID (English Edition) • PT Adi Sarana Armada Tbk. (IDX: ASSA), a leading fleet rental, vehicle auction, and logistics company based in Jakarta, recorded a positive performance.

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In the company’s announcement on Wednesday (30/6), ASSA’s revenue in the 1/2021 quarter grew 37.28% compared to the same period last year.

As is known, in the first quarter of 2020 ASSA’s revenue from all divisions was recorded at Rp701.62 billion and the first three months of this year reached Rp963.17 billion.

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Prodjo Sunarjanto, President Director of ASSA, said that ASSA’s revenue growth was driven by all business lines, especially PT Tri Adi Bersama, an express courier business line known as Anteraja.

Anteraja, a technology-based express courier business line that was founded in 2019, contributed 37.75%, the second largest, to ASSA’s revenue after its revenue increased by 290.27% to Rp391.54 billion.

“Currently, Anteraja’s courier, called Satria, has reached 15,000 spread across 600 service points throughout Indonesia,” said Prodjo. The number of couriers and service points will continue to be added.

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ASSA’s largest revenue continues to be contributed by the vehicle rental business line, which is currently strengthened by more than 25,000 fleets and 4,000 drivers serving more than 1,800 companies throughout Indonesia.

Even so, Prodjo said, the revenue from ASSA’s vehicle auction business line, namely JBA Bidwin Auction, which is now the largest automotive auction hall, during the 1/2021 quarter also increased by 3.77%.

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There are many other business lines that contribute to ASSA’s revenue, such as the independent car rental platform ShareCar, the Caroline car buying and selling marketplace, and the Titipaja logistics warehouse rental.

In the future, Prodjo hopes that all business lines can continue to perform positively in the new economy and contribute even more to ASSA’s revenue.•

—Purjono Agus Suhendro, TechnoBusiness ID • Photo: ASSA

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