JAKARTA: PT Astra Otoparts Tbk ("the Company" or "Astra Otoparts") posted a consolidated net income of Rp 7.42 trillion during the first semester of 2018 or increased by 14.6% compared to the same period in 2017. Increased net income was driven by improving the performance of all the Company's business lines. Each of these business lines, namely the manufacturing and trading business segments respectively contributed 54% and 46% of sales to the total consolidated net income.
Increased operational performance and higher income margins pushed the increase in the Company's net profit to grow by 3.7% to Rp 206 billion compared to net income in the same period in 2017 of Rp 198 billion.
In addition, the value of the consolidated net assets per share as of June 30, 2018 is Rp 2,241, - slightly higher than at the end of 2017. At the end of June 2018, the debt to equity ratio (Debt to Equity Ratio) can be maintained healthy and stable.
Manufacturing Business Segment
In the manufacturing business segment, the Company produces components and circuits (assemblies) to the automotive manufacturing market (OEM / Original Equipment Manufacturing) as well as the replacement parts market, both for two-wheeled and four-wheeled motorized vehicles.
In the first semester of 2018, the manufacturing business segment contributed 54% of the company's total net income, an increase of 21.5% over the same period last year. This increase was supported by an increase in industrial demand for two wheels by 11.2% and 3.7% for the four-wheel market.
Trading Business Segment
The Company has an extensive domestic distribution network for the replacement parts market (REM / Replacement market), including 52 main dealers and 24 sales offices serving 12,000 spare parts stores throughout Indonesia. In the export market, the Company's market share has expanded to more than 35 countries in Africa, America, Oceania Asia, Europe and the Middle East. In addition, the Company also has a modern retail trade network with the name Shop & Drive with a total of 362 online trading outlets and platforms, namely www.astraotoshop.com to reach the aftermarket market.
The trading business segment contributed 46% of total consolidated net income, an increase of 7.4% compared to the same period last year. This increase was supported by increased sales from the domestic distribution segment and the modern retail trade network that was increasingly recognized by the public.
Corporate Action of the Company
To achieve the Company's vision to become a world-class automotive component supplier and as the top choice business partner in Indonesia with the support of reliable engineering capabilities, until the first semester of 2018 the Company has taken corporate action. Among them, the Company through its subsidiaries established PT Kiat Mahesa Wintor Indonesia (KMWI) and PT Kiat Mahesa Wintor Distributor (KMWD) as a company that manufactures and distributes Rural Multipurpose Mechanics (AMMDes), which was officially launched on August 2, 2018. In addition, The company through the development and research division of Astra Otoparts, the Engineering Development Center (EDC), won the Industrial Technology Pilot Award, for the category of Localization of Design and Manufacturing of Wheeled Motorized Vehicle Seats 4.
In addition, throughout the first semester of 2018 the Company has also successfully received various awards including the Top Digital Public Relations Award 2018 for GS Astra, Top Brand Award 2018 for Gear Set Aspira and GS Astra Battery, Indonesia WOW Brand Award 2018 battery category for GS Astra and Incoe, Indonesia Branding Campaign of the Year 2018 for Aspira for the Aspira Vocational Sales Award below the line campaign, Breaking Muri's record for the Most Car Aki Replacement for Indonesian Women entitled "Kartini On The Road", Indonesia Brand Choice Award 2018 for Shop & Drive, and The 2018 Indonesia Best Contact Center with a platinum rating.
Jakarta, August 29, 2018
PT Astra Otoparts Tbk
Wanny Wijaya
Director of PT Astra Otoparts Tbk
About Astra Otoparts
PT Astra Otoparts Tbk ("the Company" or "Astra Otoparts") is the largest and leading automotive component company group in Indonesia that manufactures and distributes a wide range of two-wheeled and four-wheeled vehicle parts, both for supply to the automotive manufacturing market (OEM / Original Equipment for Manufacturer) or to replacement parts market (REM / Replacement Market). At present the Astra Otoparts group has a total of 55 subsidiaries, consisting of 7 divisions, 14 subsidiaries, 20 associates and joint control entities, 13 indirect investment entities and 1 investment in companies under 20%.
