Date: Friday, 26 April 2024

Starting the year of 2024, in the first quarter ACSET has recorded net income of 549.86 billion, increase compared to 2023 which was recorded at 360.35 billion. In the first quarter of 2024, the Company's net loss was recorded at 42.49 billion, increase compared to the same period in the previous year, this was due to a decrease in gross profit on ongoing projects, an increase in general and administrative expenses and interest expenses which also influenced this condition.

ACSET remains optimistic and consistent in starting the year, one of which is by looking for prestigious projects to fill out the Company's portfolio in the future as an integrated private construction company. New contracts awarded in the first quarter of this year consisted of the Yogya – Bawen Toll Road Section 6 in the foundation sector, in the infrastructure sector there was the Amman Landslide Tongo project, and in the structure sector there were the Arumaya Office and BDX Data Center projects.

In the first quarter of 2024, the revenue is dominated by the structure sector at 51%, the infrastructure sector at 27%, and in the last position is the foundation sector at 22%.

Key Financial Indicators (In Millions of Rupiah)

ACSET continues to be optimistic for making continuous improvements in financial performance and is selective in selecting future projects to continue  provide the best results to employers.