Affected by the Pandemic, Performance of Astragraphia Improved in the Second Quarter of 2020
Jakarta, 26 August 2020 - In the midst of challenging business conditions, PT Astra Graphia Tbk (ASGR) (“Astragraphia”) recorded an improvement in the company's performance in the second quarter of 2020 (compared to the first quarter of 2020). Performance improvement is indicated by the improvement in the achievement of the company's net profit, growth in net income in the information technology solution business unit, and growth in the installed unit in the document solution business unit.
Global economic growth and trade in 2020 have not fully recovered from the economic and geopolitical turmoil that began in 2019. Business challenges this year are also strengthened by the Covid-19 pandemic which has the potential to cause even greater economic turmoil. Through the establishment of strategic initiatives and steps, Astragraphia was able to book a consolidated net income as of 30 June 2020 of IDR 1,452 billion, only 7% lower compared to the same period in 2019.
Hendrix Pramana, President Director of PT Astra Graphia Tbk explained, "The decrease in net income was contributed by the document solutions and office solutions business unit. The work from home policy in some companies in Indonesia causes a decrease in income from recurring income annuity). The decline in revenue is also caused by current economic conditions, where customers have the potential to propose changes in terms of payment, as well as postpone non-priority shopping and focus on business continuity. "
However, the document solutions business unit still posted growth in installed units in the second quarter of 2020. In the information technology solutions business unit, strengthening market penetration and accelerating the realization of existing opportunities were able to boost growth in
“The pandemic countermeasures implemented in most parts of Indonesia also have an impact on Astragraphia Group's operational activities, including the temporary suspension of work activities at several Astragraphia offices and facilities in Jakarta and several areas. Although some employees have to work from home (work from home) this has not stopped Astragraphia's operational movements in the customer service, sales, and internal process areas. The application of technology, efficiency and innovation in internal processes, as well as digitalization in many aspects and lines, have made Astragraphia able to provide the best quality service to customers in any condition, "said Hendrix Pramana.
This challenging period with business disruption and uncertainty is expected to continue to affect the company's performance until the end of the year, Astragraphia specifically strives to run operational excellence in every process in all business lines to get better performance results.
Astragraphia will always evaluate and see the opportunities that exist in the area of printing and digital services, where this is accompanied by an increase in the competence of human resources for organizational readiness. Astragraphia also continues to strengthen social contributions to support the realization of sustainable development. The implementation of Astragraphia's social contribution is carried out by all levels of the organization through sustainable programs that focus on four main pillars, namely Health, Education, Environment and Entrepreneurship. Astragraphia's concern for the people affected by the Covid-19 pandemic was manifested through donations focused on the epicenter / red zone of the spread of Covid-19 and also the company's ring 1 location.
Hendrix Pramana added, “Ensuring employee safety during a pandemic is our top priority. Astragraphia has adopted various measures to prevent the spread of Covid-19 in the work environment, as well as educating employees to continue implementing health protocols. We thank and appreciate all Astragraphia Group employees who have responded professionally and were able to quickly adapt to new habits to keep giving their best performance. "
Shown in the picture (from left to right, the composition of the board of directors for the 2020 financial year):
- King Iriawan Sutanto - Director of PT Astra Graphia Tbk
- Hendrix Pramana - President Director of PT Astra Graphia Tbk
- Halim Wahjana - Director of PT Astra Graphia Tbk
- Widi Triwibowo - Director of PT Astra Graphia Tbk