Indonesia's largest auto maker PT Astra International Tbk (ASII) reported a 8.14% increase in net profit in the first quarter of this year as net revenue rose 19.79%.
In the financial statement filed to Indonesia Stock Exchange (IDX) yesterday, ASII posted Rp4.65 trillion net profit in 1Q 2012 or Rp1,148 a share from Rp4.30 trillion or Rp1,063 a share in 1Q 2011.
Operating profit increased 7.37% to Rp4.66 trillion from Rp4.34 trillion, while gross profit rose 10.63% to Rp8.43 trillion from Rp7.62 trillion. However, gross margin slightly decreased to 18.19% from 19.69%. Astra International booked a 19.79% increase in net revenue to Rp46.35 trillion from Rp38.69 trillion.
Disclosure: No position at the stock mentioned above.
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