Jakarta - PT Adi Sarana Armada Tbk (ASSA), until the first quarter of 2022, posted a profit for the year attributable to owners reaching Rp72.98 billion, or an increase of around 123.48% compared to the same period the previous year of Rp32.65 billion.

In the financial report released on Friday (5/27), the surge in profit was supported by an increase in revenue of around 59.5%, to Rp1.53 trillion from Rp936 billion.

Along with revenue, the cost of revenue also increased by around 60.24% to Rp1.18 trillion from Rp742 billion.

As of the first quarter of this year, ASSA's total assets reached Rp7.23 trillion, with liabilities of Rp4.73 trillion and equity of Rp2.49 trillion.