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Down, Astra gets profit of Rp 8.8 Trillion

  • Posted on May 21, 2017 at 3:21 pm

JAKARTA, KOMPAS.com – PT Astra International Tbk and its subsidiaries had net profit of Rp 8.8 trillion during the first half of 2013. Net income was down 9 percent from the acquisition of the first half of 2012 which reached Rp 9.7 trillion. Earnings per share fell 9 percent to Rp 218 per saham.PT Astra International and its subsidiary, Tuesday (07/30/2013), announced a slight decrease in performance during the first half of 2013 compared to first half of 2012.
Through the release mentioned that the Astra’s net income during the first six months of 2013 amounted to Rp 94.3 trillion. Net revenue was down 2 percent compared to the same period of 2012 which reached Rp 95.9 trillion.
According to the President Director of PT Astra International Prijono Sugiarto, there are several factors that predicted to affect business performance in the second half of 2013.
Factor in question is increased competition in the automobile market, rising labor costs, and declining commodity prices. As for his own prospects for domestic demand continued to grow.
There are six core business lines are the focus of Astra Group, the automotive division, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, and information technology.
Two division increased net income, namely financial services division rose 19 percent to Rp 2.1 trillion and information technology division rose 2 percent to Rp 55 billion.
Net income and mining equipment division fell 24 percent to Rp 1.4 trillion. Agribusiness division net income fell 25 percent to Rp 571 billion.
Meanwhile, the automotive division’s net profit fell 10 percent to Rp 4.4 trillion. Demand for motor vehicles during the first 6 months of 2013 remained high.
Based on data from the Association of Indonesian Automotive, car sales in Indonesia in the period January to June 2013 reached 601 952 units. The sales figures increased compared to the same period in 2012 to reach 535 261 units.
Increased income and affordability levels still remain high interest rates support demand for motor vehicles. Automotive segment net profit decline due to increased competition due to an increase in domestic production capacity and high labor cost.
Of total national car sales of around 602,000 units, Astra’s car sales rose 6 percent to 321 000 units. Market share declined from 56 percent to 53 percent.
Astra Toyota Agya and Astra Daihatsu Ayla?-Products of energy-efficient cars and affordable (low cost green car / LCGC)-Astra Group is expected to begin to be distributed in August 2013 with a production capacity of 10,000 units per month.
Meanwhile, the Indonesian Consumers Foundation (YLKI) asked the government to revise the regulations concerning the total cars energy efficient and environmentally friendly.
“It should be given incentives are public transport, not private vehicles,” said board member daily YLKI, Sincere Abadi.
According YLKI, policy-efficient cars can be accepted if the transport system in the large cities is adequate and integrated. Regulation efficient cars is currently not on time because it is still poor public transport infrastructure in Indonesia.

CIMB Group Raup RM 4.35 Billion Profit for 2012

  • Posted on April 17, 2017 at 11:52 am

CIMB Group Holding Berhad announced a net profit of RM 4.35 billion in fiscal year 2012. This figure is up 7.8% over the same period the previous year.

“We return a high profit for FY12 because almost all business units to increase revenue numbers,” said Group Chief Executive, CIMB Group, Dato Nazir Razak in Kuala Lumpur, Malaysia, Wednesday (04/17/2013).

Recorded earnings are equivalent to net earnings per share valued at 58 cents and the rate of return on equity of 16%.

The company achieved net profit in the fourth quarter of FY12 stood at RM 1.082 billion, or 5.3% lower than 3Q12 net income, and lower by 4.5% from 4Q11 net profit, amounting to RM 1.133 billion.

“CIMB Group’s revenue in FY12 experienced increased 11.3% over the same period previous to RM 13.495 billion,” he added.

Net interest income rose by 10.6% while non-interest income increased 12.7% due to capital market transactions exceeded the highest plus increasingly aggressive treasury market activities.

“Without taking into account the advantages and CIMB Aviva deconsolidation amounted to RM250 million in 4Q11, an increase in non-interest income amounted to 19.8%,” said Nazir.

Increase in CIMB Group’s profit before tax was higher by 9.1% to RM 5.678 billion.

“Profit before tax generated regional consumer banking unit of CIMB Group in 2012 rose 23.9% to RM 2.323 billion,” he said.

PT CIMB Niaga Tbk (BNGA) to contribute pre-tax profit by 34% to CIMB Group. 2015 is expected to increase to 40%.

“I think 2015 could be 40 percent,” said Razak.

Even so, the Group has no plan to add an injection of capital into CIMB Niaga. “If Mr. Arwin capital may ask, but I think it has been pretty,” he continued.

Nazir said the target is given as see good prospects in the banking market in Indonesia.

“We see the ratio, very attractive. Terms of the macro-economy is also growing rapidly. Macro management and banking regulation is good,” said Nazir.

On the same occasion, President Director of CIMB Niaga, Arwin Rasyid, said CIMB Niaga has committed to continue to develop products and services micro and small enterprises (MSEs) in Indonesia while maintaining good credit quality.

“Our initiative is in line with Bank Indonesia regulations that establish bank credit portfolio in the MSE sector by 20 percent in stages by 2018,” said Arwin.

Responding to these rules, the CIMB Group is also committed to undergo such a rule.

“The rule is good, we will obey it,” he continued.