JAKARTA (TheInsiderStories) - Diversified group PT Astra International Tbk (IDX:ASII) reported encouraging results in the first quarter, supported by an improved performance of its key subsidiaries.
The company posted consolidated net profit of Rp5.087 trillion in the quarter, up 63 percent from Rp3.112 trillion in the same quarter last year. Revenues rose 16 percent to Rp48.78 trillion from Rp41.89 trillion in the same period last year.
The net profit rise was also reflected in its earnings per share, which rose 63 percent to Rp126 per share from Rp77 per share.
President Director of Astra International Prijono Sugiarto said, “majority of Astra Group companies showed an improved financial performance in the first quarter 2017. Going forward, Astra Group hopes to get benefit from a sustainable growth of Indonesia’s economy, supported by higher commodity price, although automotive business is facing tightening competition.”
Following is the company subsidiaries’ Net Profit in the first quarter:
- Automotive : Rp2.288 trillion (Q1 2017) vs Rp1.58 trillion, up 45 percent
- Financial Services: Rp1.124 trillion (Q1 2017) vs Rp641 billion, up 75 percent
- Heavy equipment and mining : Rp902 billion (Q1 2017) vs Rp442 billion, up 104 percent
- Agribusiness: Rp638 billion (Q1 2017) vs Rp333 billion, up 92 percent
- Infrastructure and Logistic : Rp67 billion (Q1 2017) vs Rp69 billion, down 3 percent
- Information Technology : Rp26 billion (Q1 2017) vs Rp34 billion, down 23 percent
- Property : Rp42 billion (Q1 2017) vs Rp 13 billion, up 223 percent
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