Throughout 2021, ASII booked income growth of 33.4% yoy to IDR 233.5 trillion; supported by main business lines such as Automotive, Heavy Machinery & Mining, and Agribusiness. Sales of four-wheel vehicles significantly recovered closer to pre-pandemic level; with market share up to 55.1% (vs 50.8% in FY20). The continuation of government-borne PPnBM program and high commodity prices are expected to continue supporting ASII’s performance in 2022.
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