DJ Astra International 1Q Net Profit Rises 43% To IDR4.3 Tln

Date : Apr 28 2011, 16:37
Title : News Story
Header : DJ Astra International 1Q Net Profit Rises 43% To IDR4.3 Tln


Story
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JAKARTA (Dow Jones)--Diversified company PT Astra International (ASII.JK)
reported Thursday its net profit rose to IDR4.3 trillion ($502 million) in the
first quarter compared with IDR3.01 trillion a year earlier, on the back of
rising revenue.
Astra's revenue stood at IDR38.7 trillion in the January-March period, a
30% increase from IDR29.7 trillion in the same period a year earlier.
Astra, which has interests ranging from automotives, heavy equipment,
agribusiness, mining, and financials, cited that conducive economic conditions
in the country, increasing commodity prices and stable interest rates have
helped its financial performance.
The company noted a risk of supply shortage for automotives and heavy
equipment after earthquakes and tsunami hit Japan last month.
"But we hope the situation to be temporary and can return to normal in the
near term," Astra Chief Executive Prijono Sugiarto said in a statement.
-By Andreas Ismar, Dow Jones Newswires; 62 21
39831277;andreasismar.sandiwan@dowjones.com
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(END) Dow Jones Newswires
April 28, 2011 05:35 ET (09:35 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 05 35 AM EDT 04-28-11

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