Astra Graphia Posts 11% Net Profit Growth in 2022 Through Innovation and Adaptation

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Astra Graphia Tbk (ASGR) has announced a net profit of IDR 97.1 billion until the end of 2022, representing a growth of 11% compared to the previous year. The increase in net profit was achieved through adaptation and innovation.

As of December 31, 2022, Astragraphia faced dynamic market conditions and recorded a consolidated net revenue of IDR 2.91 trillion. Astra Graphia's President Director, Hendrix Pramana, stated that despite ASGR's net revenue decline due to the decrease in revenue of the Office Solutions business unit, "Astragraphia continuously captures and optimizes business opportunities to achieve strong growth and become a more resilient and sustainable company," as stated in his statement on Thursday (23/02/2023).

The document solutions and information technology solutions business units experienced an increase in revenue. The revenue of the document solutions business unit increased by 6% in line with the growth in demand for rental and purchase of machines, while the revenue of the information technology solutions business unit increased by 13% as a result of strengthened market penetration and accelerated realization of business opportunities in the IT Trading and IT Services areas.

"The company's ability to manage cash flows and operational cycles better also contributed to the increase in Astragraphia's net profit in 2022," he said.

In addition, Astragraphia pursued sustainability strategies through the triple-p roadmap (portfolio, people, public contribution) while considering environmental, social, and good governance aspects. Throughout 2022, Astragraphia's document solutions business unit consistently maintained its number one position in Indonesia for market share in the production printer and A3 color multifunction segments.

Furthermore, the company's subsidiary, PT Astragraphia Xprins Indonesia, also undertook a series of strategic initiatives to strengthen its business through the development of the 3D Printing ecosystem in Indonesia. "Aligned with our focus on printing and digital business, Astragraphia is committed to supporting and providing benefits for domestic creative industry players," said Hendrix.

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