Astra Otoparts Net Profit Grows by 31.85% in 2017

By : Abraham Sihombing And Aldo Bella Putra | Tuesday, February 27 2018 - 21:00 IWST

PT Astra Otoparts Tbk (AUTO) (Foto Dok Industry.co.id)
PT Astra Otoparts Tbk (AUTO) (Foto Dok Industry.co.id)

INDUSTRY.co.id - Jakarta - PT Astra Otoparts Tbk (AUTO), a subsidiary of Astra, which produces motor vehicle components, posted a net profit of Rp551.41 billion in 2017. This indicates an increase of 31.85 percent compared to 2014's profit of Rp418.20 billion.

The profit growth was derived from AUTO's sales increase in 2017 by 5.8 percent to Rp13.55 trillion compared to 2016's sales of Rp12.81 trillion.

The increase in sales resulted in an increase in cost of goods sold in 2017 to Rp11.79 trillion compared to Rp10.95 trillion in 2016.

As a result, AUTO posted a gross profit of Rp1.76 trillion in 2017, or a relatively 5.38% lower compared to Rp1.86 trillion in 2016.

Meanwhile, AUTO's total assets in 2017 stood at Rp14.76 trillion, an increase of 1.03% from 2014 at Rp14.61 trillion while total equity in 2017 amounted to Rp10, 76 trillion and liability of Rp 4trillion. (Abraham Sihombing)

News Comment

Today's Industry

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…