Down, Astra gets profit of Rp 8.8 Trillion

jaysonhyd   May 31, 2017  

JAKARTA, KOMPAS.com – PT Astra International Tbk and its subsidiaries had net profit of Rp 8.8 trillion during the first half of 2013. Net income was down 9 percent from the acquisition of the first half of 2012 which reached Rp 9.7 trillion. Earnings per share fell 9 percent to Rp 218 per saham.PT Astra International and its subsidiary, Tuesday (07/30/2013), announced a slight decrease in performance during the first half of 2013 compared to first half of 2012.
Through the release mentioned that the Astra’s net income during the first six months of 2013 amounted to Rp 94.3 trillion. Net revenue was down 2 percent compared to the same period of 2012 which reached Rp 95.9 trillion.
According to the President Director of PT Astra International Prijono Sugiarto, there are several factors that predicted to affect business performance in the second half of 2013.
Factor in question is increased competition in the automobile market, rising labor costs, and declining commodity prices. As for his own prospects for domestic demand continued to grow.
There are six core business lines are the focus of Astra Group, the automotive division, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, and information technology.
Two division increased net income, namely financial services division rose 19 percent to Rp 2.1 trillion and information technology division rose 2 percent to Rp 55 billion.
Net income and mining equipment division fell 24 percent to Rp 1.4 trillion. Agribusiness division net income fell 25 percent to Rp 571 billion.
Meanwhile, the automotive division’s net profit fell 10 percent to Rp 4.4 trillion. Demand for motor vehicles during the first 6 months of 2013 remained high.
Based on data from the Association of Indonesian Automotive, car sales in Indonesia in the period January to June 2013 reached 601 952 units. The sales figures increased compared to the same period in 2012 to reach 535 261 units.
Increased income and affordability levels still remain high interest rates support demand for motor vehicles. Automotive segment net profit decline due to increased competition due to an increase in domestic production capacity and high labor cost.
Of total national car sales of around 602,000 units, Astra’s car sales rose 6 percent to 321 000 units. Market share declined from 56 percent to 53 percent.
Astra Toyota Agya and Astra Daihatsu Ayla?-Products of energy-efficient cars and affordable (low cost green car / LCGC)-Astra Group is expected to begin to be distributed in August 2013 with a production capacity of 10,000 units per month.
Meanwhile, the Indonesian Consumers Foundation (YLKI) asked the government to revise the regulations concerning the total cars energy efficient and environmentally friendly.
“It should be given incentives are public transport, not private vehicles,” said board member daily YLKI, Sincere Abadi.
According YLKI, policy-efficient cars can be accepted if the transport system in the large cities is adequate and integrated. Regulation efficient cars is currently not on time because it is still poor public transport infrastructure in Indonesia.