Throughout FY20, ASII booked an income of IDR 175 trillion; down by 26.2% compared to FY19. Without taking into account the gains from the sale of Bank Permata, net profit was depressed by 52.6% yoy. The agribusiness sector performed best, along with the increasing CPO price. Higher commodity prices and relaxed sales tax on luxury goods (PPnBM) for 4W vehicles are expected to boost ASII’s performance this year.
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