Third Quarter of 2017, Astra International Net Profit Increases 26 Percent

By : Hariyanto And Aldo Bella Putra | Wednesday, November 01 2017 - 17:00 IWST

PT Astra International Tbk (ASII)
PT Astra International Tbk (ASII)

INDUSTRY.co.id - Jakarta - In the third quarter of 2017, PT Astra International Tbk (ASII) booked a net profit increase of 26% to Rp14.2 trillion, compared to the same period in the previous year of Rp11.27 trillion.

President Director of ASII, Prijono Sugiarto said as profit, income rose 14 percent to Rp150, 22 trillion compared to the same period the previous year valued at Rp132, 29 trillion.

"The performance outlook until the end of this year is expected to remain positive due to the continued strengthening of commodity prices, despite challenges from increased competition in the auto market and increased credit provision in some of the activities of the Financial Services Group," Prijono said in Jakarta on Tuesday (31 / 10/2017)

He said that throughout the third quarter of 2017 Astra Group's automotive segment experienced an increase in both market share of cars and motorcycles, but faced pressure from increased discount competition in the car market.

The performance of the financial services segment has increased in line with returns generated by PT Bank Permata Tbk.

Meanwhile, rising commodity prices pushed strong performance from heavy equipment division and mining and agribusiness.

News Comment

Today's Industry

John Baker - Security Engineering Manager and Bug Bounty Advisor for HackerOne

Kamis, 02 Juli 2020 - 17:45 WIB

Why The Future of DevOps Needs Hackers?

In my days as a Quality Assurance (QA) Engineer testing hospitality software, functional testing was seen as the last step before deployment and release. Any major defects found in the QA cycle…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Kamis, 02 Juli 2020 - 17:10 WIB

That’s Not How it Works: All Development Should be Secure Development

Secure development is more important today than ever before. A vast number of cyberattacks have placed security in the spotlight, with many organisations adopting safer practices to ensure that…

Ilustration Cyber Security (Photo by Cyber Security—Advancing through AI - IEEE Innovation at Work)

Rabu, 01 Juli 2020 - 10:35 WIB

As Organisations Get Back to Business, Cyber Criminals Look for New Angles to Exploit

As businesses re-open, Covid-19 continues to pose a threat so organisations are implemented testing programs and enforcing new workplace rules to prevent new infections. To prepare employees…

Marten Mickos, CEO at HackerOne (Photo by Wikipedia)

Selasa, 30 Juni 2020 - 17:00 WIB

The Power of Crowdsourcing

As we go through the fourth industrial revolution that digitises everything we do, economic and societal fundamentals are changing in ways we have not experienced before.

Wira Wijaya Gea

Sabtu, 27 Juni 2020 - 16:42 WIB

Increased Use of Online Shopping Apps During the Pandemic COVID-19

During the PSBB period, many people used the internet as a means of supporting communication by using various applications. Moreover, amid the WFH (work from home) system mandated by the government,…