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UNTR, AUTO, & AALI Support Astra’s Performance (ASII), Time to Rebound?

Bisnis.com, JAKARTA — PT Astra International Tbk. (ASII) and a number of subsidiaries began to rise from performance pressures due to the impact of the Covid-19 pandemic as reflected in the realization of performance in semester I/2021.

Astra International Group released its financial performance report for the first semester of 2021 on Thursday (29/7/2021). Signs of improvement in performance can be seen when compared to the achievement of the same period last year or when the Covid-19 pandemic spread in Indonesia.

Astra International reported net income of IDR 107.4 trillion as of June 30, 2021, or grew 20 percent year on year (yoy).

From there, the issuer of the largest automotive producer pocketed a net profit of IDR 8.8 trillion, down 22 percent on an annual basis. Management said the decline was due to the company’s profit from the sale of shares in PT Bank Permata Tbk. (BNLI) in semester I/2021.

Thus, without taking into account the sales profit, Astra Group’s net profit rose 61 percent yoy in the first semester of 2021.

This achievement is inversely proportional to the first half of 2020. This is because the issuer coded as ASII posted a 23 percent decline in net income yoy to Rp. 89.9 trillion as of June 30, 2020.


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