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Astra International's Profit Growth Supported by Financial Services

28/02/2018 09:53 WIB

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Despite a decline, the automotive sector remains Astra International's main profit contributor.

Astra International Tbk's Net Profit by Sector (2016-2017)

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Astra International's Profit Growth Supported by Financial Services

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Astra International Tbk's Net Profit by Sector (2016-2017)

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Astra International Tbk recorded a 24.58% increase in profit in 2017, reaching Rp 18.88 trillion from Rp 15.16 trillion the previous year. This growth was driven by a 14% increase in revenue to Rp 206.06 trillion from Rp 181.08 trillion the previous year.

Although experiencing a decline, the automotive sector remained the main contributor to the profit of the issuer with the trading code ASII. Based on the 2017 financial report, the profit from subsidiaries in the automotive sector decreased by 3.25% to Rp 8.87 trillion from the previous year. This amount represents 47% of the company's total profit.

The surge in profit from subsidiaries in the financial services sector, a 375.54% increase to Rp 3.75 trillion from only Rp 789 billion the previous year, supported Astra's continued profit growth. PT Bank Permata Tbk, which recorded a profit of Rp 748 billion last year compared to a loss of Rp 6.5 trillion the previous year, was one of the drivers of the increased profit in Astra's financial services sector.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Astra International's Profit Growth Supported by Financial Services

Astra International's Profit Growth Supported by Financial Services

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Astra International's Profit Growth Supported by Financial Services

Astra International's Profit Growth Supported by Financial Services

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