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Astras income soars 43%

JAKARTA: Net income of PT Astra International Tbk during first quarter 2011 increased 43% to IDR4.3 trillion from IDR3.01 trillion in the same period last year on piercing commodity prices and high demand for consumer financing. Astra President Director

JAKARTA: Net income of PT Astra International Tbk during first quarter 2011 increased 43% to IDR4.3 trillion from IDR3.01 trillion in the same period last year on piercing commodity prices and high demand for consumer financing. Astra President Director Prijono Sugiarto said the performance of the company and its subsidiaries significantly increased during first quarter this year, compared to last year.The conducive economic condition of Indonesia, relatively stable inflation rate, the increase of commodity prices and the availability of attractive rate in consumer financing has supported the strong performance of Astra Group during first quarter 2011, he said.Non-audited financial report of Astra shows that the net income of the company per first quarter 2011 was IDR38.69 trillion, or up 230% compared to IDR29.69 trillion in last year.Operating income of the company also rose 34% to IDR4.34 trillion from IDR3.25 trillion, while net income of the company also soared 43% to IDR4.30 trillion from IDR3.01 trillion in the same period last year.Meanwhile, net income per share of the company increased 43% to IDR1,063 from IDR744.Net income contribution of automotive division grew 28% to IDR2.1 trillion. However net income of PT Astra Otoparts Tbk fell 7% to IDR259 billion since the operating margin was down.Net income of heavy equipment division and mining jumped 43% to IDR785 billion, contributed by PT United Tractors and PT Pamarpersada Nusantara which scoop US$155 million from January to April 2011. (T03/NOM)

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