JAKARTA (Yosefardi) – Transportation operator PT Adi Sarana Armada Tbk (ASSA) is seeking loan of Rp800 billion for funding the fleet expansion next year.
It targets to add 4,200 units of vehicles next year, of which 2,000 units for replacement. By end of this year, ASSA targets its fleet to reach 15,000 units.
ASSA booked revenues of Rp531.3 billion in the first half of 2014, increased 7.4% from Rp494.6 billion in the same period of 2013.
While net profit declined 37% to Rp26.8 billion from previous Rp43.1 billion due to weak sales of used cars alongwith its price decline trend amid the increasing market competition.