David Hameed commented Mon, Oct 26, 2015 at 06:51AM UTC
Axis Capital Group Jakarta Doubles Profit for First Half of 2015
Axis Capital Group, a company which sells and rents heavy equipment is one of the businesses in this field to benefit from the increasing growth of the industry.
Upon the review of the net profit for the first half of the year, the results showed a great boost on the company’s sales from leasing more than 500 heavy equipment units and selling 350 more. Road works and the increasing number of infrastructure projects have contributed to the company’s increasing popularity among contractors and construction companies. Partnering with large and legitimate international and local manufacturing companies like Mitsubishi, John Deere, Caterpillar and Komatsu, the company was able to deliver sturdy and high end products not only in its main office in Singapore but also in other neighboring countries.
The flourishing industry of mining has also driven companies to procure capital equipment which Axis Capital Group has been providing since its establishment in 1999. Since complaints have been few and licenses have been granted to ensure legitimacy, trust has been built around the company. Fraudulence is no longer accompanied in Axis’ name and brand.
What is more surprising is the success of the office in Jakarta, Indonesia. While it is only considered a sub-unit with most of its equipment being imported from the supplies in Singapore, the company is proud to report a doubled profit since the business was opened in the city. The thriving infrastructure industry in the country and the low number of competition has eased the company on the pedestal.
Since Axis has also been shipping to other countries and has its own port to utilize, it became a great advantage to deliver even to as far as India, a service which other competitors do not offer. It minimized the risk of transportation scams and thievery.
Speaking of which, newly installed security systems have also been installed both offices and ports in Jakarta and Singapore, minimizing the risk of equipment theft. With the help of strict authorities in both countries and the advancement of technology, Axis is able to operate almost smoothly.
During slow periods of selling machineries, leasing them is a key factor in balancing the profit percentage. Admittedly, losses cannot be avoided but nothing which cannot be handled.
As an appreciation to all partners and contractors who supported the company, Axis Capital Group promises to keep a hundred percent customer satisfaction and will continue to deliver only quality equipment and service.
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