Sign up | Log in



Home  >>  Daily News  >>  Indonesia News  >>  Automotive  >>  Indonesian carmaker posts 12.5% decline in H1 net profit

NEWS UPDATES 2 August 2009

Indonesian carmaker posts 12.5% decline in H1 net profit 

Related Stories

July 25, 2009
Indonesia’s growth potential attracts Indian car firms

July 22, 2009
Chinese investors eye Indonesian car market

June 21, 2009
Indonesia car sales may decline 25% this year

June 18, 2009
Indonesia sees FTA with Japan to boost autoparts shipments

May 26, 2009
Crisis cuts Indonesia automotive jobs by 20%

Indonesia's largest car maker firm PT Astra International saw a 12.5 percent drop in its first-half net profit this year, the Jakarta Post reported on Saturday.

Astra's net profit slumped to 4.2 trillion rupiah ($420 million) in the first six months this year, from 4.8 trillion rupiah ($483.8 million) in the same period a year earlier, on the back of lower car sales and commodity prices, the firm said in a statement.

Astra's car sales dropped by 18 percent to 121,000 units in the first half of this year, reflecting the sluggish automotive sector in Indonesia as of June 2009.

Car industries around the world have suffered from the impact of the global financial crisis, which has undermined people's purchasing power and eroded demand for new cars.

According to the latest data, Indonesia's car sales tumbled 28 percent to 210,000 units in the first half of this year.






Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand