PT Astra's earnings fall on lower contributions from automotive, agribusiness units
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Nisha Ramchandani
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Singapore
INDONESIAN conglomerate PT Astra International's net income for the six months ended June 30, 2019 slid 6 per cent to 9.8 trillion rupiah (S$957.4 million), weighed down by lower contributions from its automotive and agribusiness divisions.
This was despite net revenue for the period edging up 3 per cent to 116.2 trillion rupiah on the back of higher revenue from its heavy equipment, mining, construction and energy, and financial services divisions. Earnings per share worked out to 242 rupiah, down from 257 rupiah in the same period last year.
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