Thursday, 27 June 2019 | 14:59 WIB

Automotive Market Growth Supports PT Astra Otopart Profit Increase

Astra Otoparts

JAKARTA, NNC -- The increase in the automotive market boosted the net profit of component company PT Astra Otopart Tbk by 3.7 percent to IDR206 billion in the first half of 2018. In the first semester, the manufacturing business segment contributed 54 percent of the company's total net income of IDR7.42 trillion.

According to a written statement, in Jakarta, Wednesday (8/29/2018), the manufacturing segment's contribution increased by 21.5 percent compared to the same period in 2017.

This increase was supported by an increase in demand for motorcycles by 11.2 percent and 3.7 percent for cars. Astra Otopart manufactures components and assemblies not only for the automotive industry (OEM / Original Equipment Manufacturing), but also the market for replacement parts, both cars and motorbikes.

In the spare parts segment, Astra Otopart with a network of 52 major dealers and 24 sales offices serving 12,000 spare parts stores throughout Indonesia, as well as 362 Shop & Drive and online trading outlets, contributed 46 percent of total revenue. That number rose 7.4 percent compared to the same period last year.

In addition to supplying components for the domestic market, Astra Otopart also exported its products to more than 35 countries in Africa, America, Asia Oceania, Europe and the Middle East, as quoted from Antara.