PT Astra International will use the fund to finance production of new products...Jakarta (ANTARA News) - Publicly traded automotive part maker PT Astra Otoparts Tbk (AUTO) reported a 9.3 percent increase on-year in net profit to Rp574.18 billion in the first half of the year.
Company president director Siswanto Prawiroatmodjo attributed the increase in net profit to a 16.8 percent rise in net income to Rp4.16 trillion.
By June the company had assets valued at Rp7.92 trillion up from Rp6.96 trillion by the end of last year, according to its financial statement issued today.
The company has decided to increases its capital spending to Rp1.6 trillion to support its growing performance this year from Rp1.5 trillion set earlier.
The subsidiary of the country`s largest automotive company PT Astra International will use the fund to finance production of new products and expand its production capacity, Siswanto said.
(Uu.AS/H-ASG/F001)
Editor: Priyambodo RH
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