JAKARTA. PT Astra Otoparts Tbk (AUTO), an automotive component company under Astra Group, scored net profit of IDR 1.3 trillion until the end of September (9M) of 2023.

AUTO’s net profit grew 57.7% from the consolidated net profit in 2022, which was recorded at IDR 0.8 trillion. This profit surge aligns with the revenue that soared to IDR 14.1 trillion, 4.4% higher from IDR 13.5 trillion seen in 2022.

Wanny Wijaya, Director of AUTO, mentioned that as of now, the company is focusing on manufacturing and trading segments that have become its core business. “By continuing to innovate and develop new products and services, including electrification agenda,” Wijaya said in the official release.

Based on business lines, manufacturing segment of AUTO contributed IDR 7.9 trillion in 9M 2023. The revenue from this segment grew 8.8% year-on-year (yoy).

Then, the trading segment of AUTO generated IDR 6.18 trillion in 9M 2023. The revenue from this segment was corrected 0.8% yoy.

Meanwhile, looking at its balance sheet, AUTO’s total assets were reported at IDR 19.8 trillion as of September 2023. Then, the company’s liabilities reached IDR 5.8 trillion, while total equity clocked up to IDR 14 trillion. (KR/ZH)