ASLI CONSISTENTLY RECORDS NET PROFIT IN 2023

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PT Asri Karya Lestari Tbk (stock code "ASLI") consistently records net profit from year to year. The national private construction company, which has just listed itself on the Indonesia Stock Exchange through an initial public offering (IPO) on January 5, 2024, again posted a net profit in the 2023 financial year. At the end of 2023, ASLI's revenue was recorded to increase from the previous IDR 169 billion in 2022 to IDR 173 billion in 2023. ASLI's net profit also recorded an increase from the previous IDR 18 billion in 2022 to IDR 19 billion in 2023.

President Director of ASLI, H. Sudjatmiko revealed that the consistency of ASLI's financial performance cannot be separated from the company's project portfolio, especially in the infrastructure sector. In 2023, the company is successfully trusted to work on the construction of the Kota Deltamas Flyover Boulevard, Bekasi Regency, West Java and KM 71+100 Overpass of the Cipularang Toll Road, Bukit Indah Purwakarta Area, West Java. The work on these projects indirectly has an impact on improving the company's financial performance. In the future, the company will actively participate in the construction of the IKN project. The Company is currently bagging several contracts for the construction of the IKN project, including structural work on the IKN Highway Construction Project for the Pulau Balang Bridge Segment, East Kalimantan, and Steel Sheet Pile Erection Work for the IKN Toll Road Project for the Karangjoang Segment - Karingau Summit, East Kalimantan.

In addition, the company through its subsidiary, PT Bumi Prima Konstruksi (BPK), also actively participates in infrastructure projects for the construction of the Cross Sumatra Toll Road. Currently, BPK is pocketing the Erection Halfslab work contract for the Construction of Bayung Lencir - Tempino Section 3 Toll Road, Musi Banyuasin, South Sumatra. The acquisition of these contracts is expected to have an impact on improving the company's performance in the future, added H. Sudjatmiko, President Director of ASLI.