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Jakarta (ANTARA News) – PT Astra International Tbk (ASII) posted a net profit of IDR 17.1 trillion, an increase of 21% over the same period of IDR 14.2 trillion for the same period of last year. 39, last year.
"We hope that the group will achieve good annual performance despite fierce competition in the automotive market and the weakening of the price of palm oil," said Monday the chairman of the board of directors. Astra International Tbk, Prijono Sugiarto.
Overall, he said, the group's net profit in the 2018 period has increased, thanks to additional contributions from the heavy equipment, mining, construction and energy, services and construction sectors. and automotive, which have outpaced the decline in the agri-food sector.
At the same time, he continued, the weakening of the rupee during this period weighed on the margins of the group's manufacturing activities, the effect of which was offset by the group's activities related to commodities, export activities and increased foreign exchange gains.
During this period, he also said, the company's revenues increased by 16 percent to 174.9 billion rupees, with revenue growth in almost all segments, especially heavy equipment. , mining, construction and energy.
He said the contribution of each business segment to Astra International's consolidated net profit in the third quarter of 2018, namely the net profit of the group's automotive business, increased by 7% to Rp 7 trillion, mainly due to the increase in sales of motorcycles.
Secondly, the net profit of the Financial Services Group's activities increased by 17%, reaching 3,500 billion rubles, thanks to an increase in contributions from its consumer finance business.
Then, the group's net profit from the heavy equipment, mining, construction and energy sectors increased by 60% to Rs 5,400 billion, and the net result of the The information technology sector recorded an increase of 1% to 106 billion rupees.
At the same time, Astra's infrastructure and logistics activities generated a net profit of 112 billion rupees, compared with a net loss of 66 billion rupees in the first nine months of 2017.
While the net income of the agri-food group segment fell by 18% to 896 billion rupees. And the real estate sector of the Group recorded a 32% fall in its net profit, to 66 billion rupees.
Read also: Astra International has the words of tekfin business growing rapidly
Pewarta: Zubi Mahrofi
Publisher: Risbiani Fardaniah
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