MEDIA


Date: Wednesday, 28 July 2021

Jakarta, 28 July 2021—In the first half of 2021, PT Acset Indonusa Tbk (ACSET) booked a revenue amounting to IDR644.07billion or decreased by 14% from IDR748.76billion compared to the same period in 2020. ACSET consistently recorded an improvement on expense and funding costs, thus able to book a decrease in net loss by 39.26% from IDR252.20billion to IDR153.17billion.

Until this period, ACSET acquired new contract bookings amounting to IDR191.38billion, that consisted of foundation and infrastructure works. Some of them included foundation works in BUMN Center, Arumaya Residence Fly Over, and Bogor-Sukabumi Railway Track. All foundation works were carried out by ACSET’s subsidiary, PT Acset Pondasi Indonusa. While, for infrastructure works, ACSET acquired new contracts in Repair Work of Cipali Toll Road KM 122, Kertajati International Airport Underpass and Balaraja Timur Toll Road KM 1 Landslide Work.

In terms of revenue by business line, in this period, construction sector dominated by 47.0%, infrastructure 40.2%, foundation 8.4%, and others 4.4%. Others included trading activities and rental services done by the Company’s subsidiary.

 

                                                 Main financial indicators (in million Rupiah)

                     Description

                               Year ended on 30 June

                     2021

                      2020

   Revenue

                  644,069 

                748,745

   Operating Loss

                 (114,264)  

                (39,723)

   Loss before Income Tax

                 (159,340) 

               (250,329)

  Net Loss Attributable to Owners of 

  the Parent

                 (153,172) 

               (252,195)

   Loss Per Share (full amount)

                      (24) 

                  (360)

 

ACSET has announced its plan to do Non-Preemptive Rights Capital Increase (Capital Increase) on July 12, 2021. This Capital Increase is done to improve and strengthen the Company’s capital structure. ACSET plans to issue new shares in the maximum of 15billion shares, each valued at a nominal of IDR100. The Capital Increase will be executed upon its shareholders’ approval through the Company’s Extraordinary General Meeting of Shareholders, which will be convened on August 18, 2021. The Company’s main and controlling shareholder, namely PT Karya Supra Perkasa, will fully support the execution of this Capital Increase.

Amidst the challenging pandemic, ACSET commits to improve its performance. Financial discipline for operational excellence remains to be ACSET’s main agenda this year and the Company believes that efforts done internally are still on track to achieve the goal. Continuous review on business process is intensively being rolled out to provide a cost-efficient-oriented service for the customers. They are also being sustained by the Company’s digital initiatives that are expected to establish more reliable system infrastructure for ACSET’s operational activities. ACSET always takes strategic business decisions that can support the Company’s growth in order to give the best for its stakeholders.