Daily BriefsIndonesia

Indonesia: Adi Sarana Armada and more

In today’s briefing:

  • Adi Sarana Armada (ASSA IJ) – Mobility, Logistics, and the Digital Economy

Adi Sarana Armada (ASSA IJ) – Mobility, Logistics, and the Digital Economy

By Angus Mackintosh

  • Adi Sarana Armada (ASSA IJ) booked a strong set of FY2021 results with sales growing by +68% and net profit by +64%, driven by a strong performance from logistics business.
  • Anteraja now makes up 54% of sales and broke even in FY2021, delivering an average of 650,000 parcels per day in 2021, expected to rise to 1.5m by December 2022.
  • Adi Sarana Armada (ASSA IJ) is a proxy for mobility through car leasing, online and offline used car sales through Autopedia, and last-mile deliveries through Anteraja.

Before it’s here, it’s on Smartkarma