Feb 24, 2011

Astra Intert. FY10 net income surges 43%

Indonesia largest automotive player PT Astra International Tbk (ASII) today reportd a 43.13% increase in net income last year as revenue reached higher level.
In a consolidated financial statement submitted to Indonesia Stock Exchange (IDX) today, Astra's net income reached Rp14.37 trillion last year from Rp10.04 trillion a year earlier.
Operating profit rose 15.43% to Rp14.73 trillion from Rp12.76 trillion. However, Astra's operating margin lowered to 11.33% from 12.95% because of higher cost.
Gross profit increased 18.32% to Rp26.87 trillion from Rp22.77 trillion. Cost of goods revenue surged 36.11% to Rp103.12 trillion from Rp75.76 trillion. Astra posted a 31.93% increase in revenue to Rp129.99 trillion from Rp98.53 trillion.

Disclosure: No position at the stock mentioned above.

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