Motor vehicles contribute 76% to Astra's sales

Motor vehicles contribute 76% to Astra's sales

JAKARTA (JP): PT Astra International's motor vehicle division
contributed 76 percent of the group's total sales of Rp 12.61
trillion (around US$5.25 billion) last year.

Astra's total sales dropped slightly from Rp 12.61 trillion
because of a change in accounting methods in consolidating
revenue from heavy equipment maker PT United Tractors, the
company said Monday.

The accounting system change to the equity method was made
because of the decline in Astra's stake in the company.

Total net profit rose 26.6 percent from Rp 370.9 billion in
1995 to Rp 469.45 billion last year, exceeding the company's Rp
450 billion target.

Net profit per share increased 27 percent from Rp 319 to Rp
404.

The company sold 654,262 Honda motor bikes, up 37 percent from
1995's 476,721 units.

Domestic motor bike sales reached 1.37 million last year.

Four-wheel vehicles assembled by the company -- which include
Toyota, Daihatsu, Isuzu, BMW, Peugeot and Nissan Diesel brand
names -- reached 160,563 units.

This was about 48 percent of total domestic vehicle sales of
332,036 units.

Commercial vehicle sales reached 146,557 units while passenger
vehicles reached 14,006 units.

The financial services division contributed 10.61 percent of
the company's sales.

This division includes banking services (Bank Universal),
consumer financing (ACC), insurance (Astra Jardine CMG Life and
Asuransi Astra Buana) and lend-leasing.

Astra's electronics and consumer goods division, which
provides solutions on integrated technology and household
electronic equipment, contributed 8.64 percent of company sales.

The agribusiness division, which includes oil palm, rubber,
tea and cocoa plantations contributed about 3 percent.

Last year this division planted on about 173,000, of which
60,000 hectares were prepared for harvest. (pwn)