JAKARTA. PT Astra Otoparts Tbk (AUTO), an automotive component under Astra Group, which remains listed as a constituent of Indeks52, reported net profit of IDR 1.01 trillion in the first half of 2024.

AUTO’s net profit in H1 2024 reportedly increased 26.4% year-on-year (yoy) from IDR 801.55 billion recorded in the same period last year.

Surprisingly, at the top-line, AUTO’s revenue in H1 2024 was corrected 2% yoy to IDR 9.19 trillion. In the same period last year, its net sales were reported reaching IDR 9.38 trillion.

Thankfully, AUTO scored gains on profit from associates and joint ventures of IDR 449.23 billion in H1 2024, up 8.17%. Meanwhile, other income also skyrocketed 218% yoy to IDR 228.35 billon.

Manufacturing business line was the primary contributor to AUTO’s revenue in H1 2024, with segment income hitting IDR 5.26 trillion. Then, net income from trading business line was recorded at IDR 4.7 trillion.

It is worth mentioning that AUTO is a business entity listed under Astra Group that manages to secure its position in Indeks Tempo-IDNFinancials 52 (Indeks52). AUTO is listed under High Dividend category, due to its consistency in distributing dividend with average yield of 5.27% within the past 5 years. (KR/ZH)