{
    "success": true,
    "data": {
        "id": 1017275,
        "msgid": "astra-increases-profits-to-issue-bonus-shares-1447893297",
        "date": "1994-05-27 00:00:00",
        "title": "Astra increases profits, to issue bonus shares",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Astra increases profits, to issue bonus shares JAKARTA (JP): PT Astra International, which increased its net consolidated profits by 63 percent to Rp 132.4 billion (US$61.3 million) last year, decided yesterday to more than double its capital to Rp 3 trillion and to issue bonus shares at a ratio of three to one. Astra's President T.P.",
        "content": "<p>Astra increases profits, to issue bonus shares<\/p>\n<p>JAKARTA (JP): PT Astra International, which increased its net <br>\nconsolidated profits by 63 percent to Rp 132.4 billion (US$61.3 <br>\nmillion) last year, decided yesterday to more than double its <br>\ncapital to Rp 3 trillion and to issue bonus shares at a ratio of <br>\nthree to one.<\/p>\n<p>Astra's President T.P. Rachmat reported to the company's <br>\nannual shareholders meeting that Astra's revenues were bolstered <br>\nby a strong recovery in the car market due to a decline in <br>\ninterest rates.<\/p>\n<p>\"Our consolidated revenues surged by 27.8 percent to Rp 6.4 <br>\ntrillion last year due largely to a 14.5 percent increase in car <br>\nsales and 38 percent rise in motorcycle sales,\" Rachmat said.<\/p>\n<p>The shareholders meeting approved management's proposal for a <br>\nfinal cash dividend of Rp 225 for 1993, reflecting a net earnings <br>\nper share of Rp 547, up from Rp 336 in 1992.<\/p>\n<p>An extraordinary shareholders meeting, held immediately after <br>\nthe general one, approved the management's proposal to issue <br>\nbonus shares at a ratio of three shares to one and to increase <br>\nthe company's capital from Rp 1.2 trillion to Rp 3 trillion.<\/p>\n<p>The bonus shares were paid out of the premiums of the shares <br>\noriginating from the proceeds of the public offering in 1989.<\/p>\n<p>PT Astra International is a business group with 70 <br>\nsubsidiaries operating mainly in car and motor-cycle production, <br>\nheavy equipment, financial services and agroindustry.<\/p>\n<p>The company is the sole agent and assembler of Toyota, Isuzu, <br>\nBMW, Nissan Diesel, Peugeot and Daihatsu automobiles and Honda <br>\nmotorbikes.<\/p>\n<p>Astra's management expected a larger increase in the company's <br>\nearnings this year.<\/p>\n<p>\"Our net income during the first quarter of this year already <br>\nreached Rp 47.3 billion on total sales of Rp 1,748 trillion,\" <br>\nRachmat said.(yns)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/astra-increases-profits-to-issue-bonus-shares-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}