Date: Thursday, 31 October 2024

PT Acset Indonusa Tbk (“ACSET”) has released its financial performance for the third quarter, reporting net revenue of 2.1 trillion with a net loss of 286 billion. This loss is attributed to increased construction costs on ongoing projects. ACSET's revenue contributors include Foundations at 258 billion, Structures at 959 billion, and Infrastructure at 894 billion. Significant contracts have been secured from the Bitung Interchange Project; Cikopo – Palimanan Toll Expansion; Arumaya Office; BDX CGK 3A; GDS DC Nongsa Phase 2; and Hotel KoenoKoeni Semarang. ACSET's focus in closing this quarter is to remain consistent in completing the contracts agreed by the Employer and continue to evaluate the financial performance which is still at a loss until the third quarter.

Key Financial Indicators (in millions of Rupiah)

Currently, the Company is actively seeking opportunities in accordance with the development of the needs of the Construction Industry. The Company also evaluates financial performance, especially in facing the challenges of the tight competition in the construction industry today. As applied to deal with this situation, ACSET implements tighter risk control management and forms innovative strategies to meet the demands of market competition. ACSET also strives consistently to implement cost efficiency, implement innovations in safety, quality, technology, and improve competence in order to provide the best quality for employers.