Astra Agro's (AALI) Profit Falls 38.8% to IDR 1.05 Trillion in 2023

FINANCIAL REPORT - JAKARTA. PT Astra Agro Lestari Tbk (AALI) recorded a decline in performance in 2023.

This palm oil issuer recorded a profit of IDR 1.05 trillion in 2023. AALI's profit was down 38.8% annually from IDR 1.72 trillion in 2022.

Quoting the financial report, Friday (23/2), AALI recorded a net income of IDR 20.74 trillion in 2023. This figure fell 4.96% annually from IDR 21.82 trillion at the end of 2022.

 

If detailed, AALI's income last year mostly came from crude palm oil income and its derivatives, which is IDR 19.22 trillion. Then, the core income of palm and its derivatives amounted to IDR 1.5 trillion, and other income amounted to IDR 21.72 billion.

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Meanwhile, looking at its geographic segment, the largest net income was contributed by income from Sulawesi amounting to IDR 11.28 trillion. Then, followed by Sumatra amounting to IDR 9.83 trillion and Kalimantan amounting to IDR 8.26 trillion.

AALI managed to record a decrease in the cost of revenue by 0.18% in 2023 to IDR 17.97 trillion, from IDR 18 trillion at the end of 2022.

Although the cost of revenue fell, AALI's gross profit still fell 27.5% to IDR 2.77 trillion throughout 2023. In 2022, AALI's gross profit was IDR 3.82 trillion.

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By the end of 2023, AALI also recorded cash and cash equivalents at the end of the year amounting to IDR 2.08 trillion. This achievement increased from 2022 amounting to IDR 1.6 trillion. However, AALI's total assets fell to IDR 28.8 trillion at the end of 2023, from IDR 29.2 trillion at the end of 2022.

Total liabilities also fell to IDR 6.28 trillion at the end of 2023, from IDR 7 trillion at the end of 2022. However, AALI's total equity rose to IDR 22.5 trillion at the end of last year, from IDR 22.2 trillion at the end of 2022.