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ASII – Better Performance in 1Q22

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Arief Machrus
Arief Machrus
Economist - Macroeconomics
Arief Machrus
Latest posts by Arief Machrus (see all)
  • Company Report | India Demand Drives Exports - September 27, 2022
  • Company Report | Export Portion Drives Net Profit Double Digit Target - September 21, 2022
  • Company Report | Program Infrastruktur Strategis Dorong Kontrak Baru - September 14, 2022

During 1Q22, ASII posted a 39% YoY increase in revenue to IDR 71.8 trillion; supported by main business lines such as Automotive, Heavy Equipment & Mining, and Agribusiness. Four-wheeler sales recovered significantly to near pre-pandemic levels; with market share rising to 53.8% YoY (Vs. 54.9% YoY in 1Q20). NHKSI Research views that high commodity prices will continue to support ASII’s performance in 2022.

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