PT Astra International Tbk [ASII] made consolidative income up to Rp 193.9 trillion in 2013, an increase of 3% against that of 2012. By that income, ASII made net income of Rp19.4 trillion with net profit per share of Rp 480 per share in 2013.
“The company made satisfactory performance in 2013 although some business division faced challenging condition. Business prospect in 2014 was predictably still good although competition in the market was still high and price of coal was still weak.” President Director of PT Astra International Tbk, Prijono Sugiarto stated in his press release received by Business News on Thursday [27/2].
Meanwhile increase of benchmark and rupiah volability must be watched on. Prijono remarked further that the company would continue to make expansion and business diversification by exploring potential new business lines in line with Astra’s philosophy, and maximizing synergy within Astra Group.
After taking new initiatives in 2013, such as launching of Low Cost Green Car acquisition of Wheel Rim company by Astra Otoparts; also development of property project for office buildings and apartments in Jakarta, besides, in January 2014 ASII had also announced joint agreement Avia plc for setting up a joint venture company in life insurance business.
Today, Astra Group activities would focus attention on 2 core business, i.e. Automotive. Financial Service, Heavy Equipment and Mining, Infra Structure and Logistics, and Information Technology. In the Automotive Division, the net profit made was 4% to become Rp9.8 trillion.
Through 2013 demand for automotive mained high, but heightening competition happening due to increasing domestic capacity and high cost of labor, had slightly affected contribution f net profit from the motorcar division. The component industry group also posted sales volume, but in terms of net profit was posting downturn due to increase of raw material cost and labor cost which could not be fully burdened on customers.
However it was disclosed that the Motorcycle Division posted increase in net profit contribution due to increasing demand and increasing market share. Meanwhile sales of Honda motorcycles produced by PT Astra Honda Motor [AHM] increased to become 4.7 million units with increased market share from 58% to become 61%. Meanwhile the Heavy Equipment Division, Prijono said, posted downturn of 15% in net profit to become Rp3 trillion. In this division Astra had PT United Tractors Tbk [UT] whose 59.5% of shares were owned by the company. UT reported downturn of net income of 9% while net profit dropped by 16% to become Rp4.8 trillion. ASII planned to forward final dividend for 2013 amounting to Rp 152 per share. The dividend according to Chief of Corporate Communication ASII Pongky Pamungkas would be proposed at the Extraordinary Shareholders Meeting [RUPS] to be held next April. If soon the proposal for dividend was approved by shareholders in RUPS plus interim dividend of Rp 64 per share, the total dividend for 2013 which would be distributed was posted to be the same as 2012, i.e. Rp 216 per shares. (SS)
Business New - March 5, 2014