Astra Otoparts tbk PT Signs Agreement upon New Lamp Component Factory Construction according to BAC Company Report05 Jun 2012 • by Tanya Rezler
LONDON – Last day of April Astra Otoparts met with PT Takagi Sari Multi Utama and Juoku Technology, where they signed an agreement upon the construction works of a new lamp component factory. The facility will be built in Indonesia and have a name PT Astra Juoku Indonesia.
Astra Otoparts is an example of a financially successful company. It raises its assets year to year, delivering steady performance. The quarter ended March 2012 showed revenue of IDR 2,128 B, gross profit of IDR 335.5 B, operating income of IDR 122.3 B, and net income of IDR 262.5 B. The FY 2011 brought a cooldown after a rocketing 2010: revenue increased by 17.7% to IDR 7,364 B, gross profit added 7.6% and reached 1,227 B, operating income declined by 9.3% to IDR 519.5 B, et income drew back to IDR 1,007 B (down 11.8%) which is still better than 2009 result (IDR 768.3 B).
Founded in 1976 and headquartered in Jakarta (Indonesia), Astra Otoparts is a large-scale manufacturer of automotive components for OEM and REM markets. Astra’s largest clients are Toyota, Isuzu, Suzuki, Kawasaki, Yamaha, Honda, and other famous enterprises. Astra exports to all world regions, having developed distribution networks in such promising territories as Middle East and Africa. Since 1998 the company trades on Jakarta Stock Exchange under the ticker AUTO.
Full review of the company’s business, financials, news and peers can be found in the report "Astra Otoparts tbk PT Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Astra Otoparts tbk PT Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
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