Astra International posts $118.4 million profit
Astra International posts $118.4 million profit
JAKARTA (JP): PT Astra International booked a 45 percent
increase in its net consolidated profit to Rp 271 billion
(US$118.4 million) in the last nine months of this year, the
company said in a statement yesterday.
"The major contributors to the profit were the company's
automotive division, providing Rp 218 billion, finance services
Rp 28 billion and heavy equipment Rp 14 billion," said the
company's public relations manager, Aminuddin.
He said the company's total sale's revenues increased by 39.83
percent to Rp 9.44 trillion during the January-September period,
of which Rp 6.7 trillion came from the automotive division, Rp
1.3 trillion from heavy equipment and Rp 643.74 billion from
financial services.
The automotive division comprises the Toyota Group which
produces Toyota vehicles; Astra Mobil Group which produces
Daihatsu, Isuzu, BMW, Peugeot and Nissan Diesel vehicles; Federal
Group which produces Honda motorcycles and the Automotive
Components Group which manufactures components.
Total sales of the Astra Mobil Group alone in the first nine
months reached 153,709 units, up by 23 percent from 125,092 in
the corresponding period of last year, while the sales of Honda
motorcycles increased by 29 percent to 346,837 units from 268,607
units.
Aminuddin said the stability of interest rates offered by
banks and lessors supported the growth of company's sales and
profitability.
He said Astra's financial service division increased its
revenues by 38 percent to Rp 643.75 billion in the January-
September period, most of which was contributed by the Consumer
Financing Group and Bank Universal.
The shareholders of Astra, which currently employs 86,000
people, include PT Delta Mustika (holding 10.68 percent), Toyota
Motor Corporation of Japan (8.26 percent), Number 6 Enterprises
Ltd. (4.87 percent), the International Finance Corporation (4.76
percent) and Bank Ekspor Impor Indonesia (4.16 percent).
Other shareholders are Bogasari Flour Mills (3.78 percent),
Yayasan Tunjangan Hari Tua BDN (3.78 percent), Norbax Inc. of
Hong Kong (3.52 percent), Arman Investment Utama (2.06 percent),
Bank Danamon Indonesia (2.06 percent), Danamon International
(2.06 percent), Gajah Tunggal Mulia (2.06 percent), Danareksa
Fund Management (1.98 percent), Kashmir Ltd. of Hong Kong (1.84
percent), Anugerah Daya Laksana (1.55 percent), Yayasan Dapenso
BNI '46 (1.38 percent), Tri Kirana Investindo Prima (1 percent),
RBS Clients UK Nominees of Britain (1 percent), Suryaraya Serasi
(0.87 percent) and Morgan Stanley Trust Co. of Hong Kong (0.86
percent).
The remaining 37.44 percent of the shares are listed on the
local capital market. (kod)