Trillion astra

In an increase in market share from 51% to 56%. The Group launched one new model and four revamped models during the period.The wholesale market for motorcycles decreased by 9% to 2.7 million units. Astra Honda Motor's domestic sales fell 7% to 2.0 million units, resulting in its market share rising from 73% to 74%. The Group launched six new models and eleven revamped models during the period.Net income of Astra Otoparts, the Group's component business, increased 30% to Rp198 billion, mainly due to higher earnings contributions from its joint venture and associate companies.Financial ServicesNet income from the Group's financial services division increased 62% to Rp2.0 trillion, with improved contributions from most of its financial services businesses.The Group's consumer finance businesses saw an 8% increase in the aggregate amount financed, including amounts financed through joint bank financing without recourse, to Rp38.6 trillion. Car-focused Astra Sedaya Finance reported a 6% increase in net income at Rp455 billion, while Toyota Astra Financial Services recorded a stable profit of Rp155 billion. Motorcycle-focused Federal International Finance's net income was 15% higher at Rp930 billion, benefiting from Honda's improved market share and loan product diversification.The aggregate amount financed through the Group's heavy equipment-focused finance operations increased by 68% to Rp3.2 trillion. Net income at Surya Artha Nusantara Finance, which specialises in small and medium size heavy equipment financing, was lower at Rp29 billion.Astra's 44.6%-held Permata Bank reported a net income of Rp621 billion compared with a net loss of Rp836 billion in the same period in 2016. The Bank's gross non-performing loan ratio declined from 8.8% at the end of 2016 to 4.7% at 30th June 2017, while its net non-performing loan ratio also declined from 2.2% to 1.8%. The improved performance of Permata Bank was mainly driven by an improvement in asset quality and

A planned sale of a portfolio of its non-performing loans. In June 2017, the Bank completed its Rp3.0 trillion rights issue, which was fully subscribed.Asuransi Astra Buana, the Group's general insurance company, reported net income 24% higher at Rp503 billion, primarily due to higher underwriting and investment income.During the period, the Group's life insurance joint venture, Astra Aviva Life, acquired some 123,000 new individual life insureds and 224,000 new participants for its corporate employee benefits programmes, bringing the respective totals to 304,000 and 652,000 people being insured at the end of the first half of 2017.Heavy Equipment and MiningThe net income contribution from the Group's heavy equipment and mining division increased by 83% to Rp2.1 trillion.United Tractors, which is 59.5%-owned, reported net income 85% higher at Rp3.4 trillion, mainly due to improved performance of its construction machinery, mining contracting and mining operations, all of which benefited from improved coal prices.In its construction machinery business, Komatsu heavy equipment sales were up 69% at 1,751 units, while parts and service revenues were also higher. The mining contracting operations of Pamapersada Nusantara recorded a 4% increase in coal production at 52 million tonnes, while overburden removal was 6% higher at 360 million bank cubic metres. United Tractors' mining subsidiaries reported 18% lower coal sales at 3.6 million tonnes.General contractor Acset Indonusa, a 50.1% subsidiary of United Tractors, reported net income up 95% at Rp64 billion, with Rp7.1 trillion in new contracts secured during the period, compared with Rp2.4 trillion secured in the first half of 2016.The Group's 25%-owned Bhumi Jati Power, which is constructing two 1,000 MW power plants in Central Java, is scheduled to start commercial operations in 2021. This build, operate and transfer project is expected to cost approximately US$4.2 billion.Suprabari Mapanindo Mineral, an 80%-owned coking coal company in Central Kalimantan

Automotive component producer PT Astra Otoparts Tbk (AUTO) has budgeted IDR 500 billion (US$ 32.92 million) Capital expenditure (Capex) to facilitate its work in the new type of Original Equipment of Manufacturer (OEM), implementation of digitization and automation. The company will also expand its business to the electric vehicle (EV) components. Astra Otoparts was founded in 1976 under the name PT Alfa Delta Motor, which engaged in automotive trade, engine assembly and construction. Since 1997, the company became Astra Otoparts that focused on producing automotive components and distributing spare parts for various vehicles. The company has 4 business units, 11 consolidated subsidiaries, 20 associations and joint-venture entities and 13 subsidiaries. Its main customer brands include Toyota, Daihatsu, Lexus, Isuzu and others. Its affiliated manufacturing companies include SKF, Denso, IGP and many more.Focusing as EV main playerAstra Otoparts has established its 2023 strategies by using the Capex to increase of its business growth and prioritize the new type of OEM, digitization and EV.In 2022, the company earned IDR 18.58 trillion, a 22.64% increase from 2021 which was only at IDR 15.15 trillion. It recorded a net profit of IDR 1.32 trillion, a staggering 117% increase compared to 2021 of IDR 611.34 billion.Astra Otoparts Director Wanny Wijaya said the company would seek a growth in its working-rate in two main businesses: manufacturing and trading. Its projection in the manufacturing segment is inline with the company's target as set by the Association of Indonesian Automotive Manufacturers (Gaikindo) and the Indonesian Motorcycle Industry Association (AISI)."As for our trading segment, we refer to the number of units in operation," Wijaya told kontan.co.id on February 22, 2023.The company will improve portfolio in its process, digitalization and automation to facilitate productivity in its manufacturing segment."We continue to implement strategies that focus on operational excellence in achieving cost leadership and efficiency," said Wijaya.One of its recent portfolios is the preparation of its Astra Otopower EV charging machine to support the rising EV infrastructure. The company wants to become the main player in the automotive component industry, which includes EV."We look at each component one by one and develop several potentials or business opportunities that we can explore," Wijaya added.Risks in automotive spare parts industryHowever, the company needs to observe the production capabilities o become a main player in the industry.According to Equity Research Analyst at Phintraco Sekuritas, Rio Febrian, a number of positive catalysts for the company's work rate - including the increasing mobility of the public, the macroeconomic conditions and government regulations - should be taken seriously. Those factors indicate a strong increasing demand for automotive products.The coming Eid holidays would be a momentum for the public as there will likely be an increasing number of vehicles

For both cars and motorcycles. The results from Group's financial services businesses improved with a return to profit by Permata Bank. There were good performances from the Group's heavy equipment and mining, as well as its agribusiness activities, as they benefited from higher commodity prices.PerformanceThe Group's consolidated net revenue for the period increased by 11% to Rp98.0 trillion, with higher revenues achieved in most of its business segments.The Group's net income was also higher at Rp9.4 trillion, an increase of 31% from the comparable period last year.The net asset value per share was Rp2,881 at 30th June 2017, 4% higher than at the end of 2016.Net cash, excluding the Group's financial services subsidiaries, was Rp2.6 trillion, significantly lower compared with net cash of Rp6.2 trillion at the end of 2016, mainly due to toll road, power plant and property investments made during the first half of 2017. The Group's financial services subsidiaries had net debt of Rp49.1 trillion, compared with Rp47.7 trillion at the end of 2016.Business Activities Net income attributable to shareholders by business segment was as follows: Net Income Attributable to Astra International 6 months ended 30th June 2017 Rp bn 2016 Rp bn Change % Automotive 4,200 3,864 9 Financial Services 2,035 1,253 62 Heavy Equipment and Mining 2,057 1,121 83 Agribusiness 832 631 32 Infrastructure and Logistics 110 139 (21) Information Technology 55 73 (25) Property 68 35 94 Attributable Net Income 9,357 7,116 31 Automotive Net income from the Group's automotive division increased by 9% to Rp4.2 trillion. This was largely due to higher car sales, which continued to benefit from new model introductions including those in the second half of 2016, although price competition increased.The wholesale market for cars increased marginally to 534,000 units. Astra's car sales were 9% higher at 298,000 units, resulting

Astra Announces Closing of Take-Private Transaction ALAMEDA, Calif.--(BUSINESS WIRE)---- $ASTR #adastra--Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today the successful closing of its take-private transaction. Under the terms... 8 months ago - Business Wire Astra Space, Inc. Files Definitive Information Statement ALAMEDA, Calif.--(BUSINESS WIRE)---- $ASTR #adastra--Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today that it has filed its definitive Information Statement pursuant to Sect... 10 months ago - Business Wire Astra Space co-founders to take company private Small rocket maker Astra Space said on Thursday it has agreed to be taken private by the company's CEO, Chris Kemp, and CTO, Adam London, for 50 cents per share in cash for a valuation of about $11.25... 1 year ago - Reuters Astra Space, Inc. to be Taken Private ALAMEDA, Calif.--(BUSINESS WIRE)---- $ASTR #adastra--Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today that it has entered into a definitive merger agreement pursuant to whic... 1 year ago - Business Wire Astra Announces Third Quarter 2023 Financial Results ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced financial results for its third quarter ended September 30, 2023. Recent Business Highlights: Announced del... 1 year ago - Business Wire Virgin Galactic, Astra Space: Space flight stocks soar high Virgin Galactic (SPCE) shares jumped after the company announced plans to pause space flights in 2023 to focus on developing its next generation of aircrafts. The move comes as Virgin Galactic laid of... Other symbols: SPCE 1 year ago - Yahoo Finance Astra Space, Inc. Announces Reverse Stock Split ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space, Inc. (NASDAQ: ASTR) (“Astra” or the “Company”) is announcing that the Company's Board of Directors has approved a reverse stock split (the “Reverse Stock... 1 year ago - Business Wire Astra Space, Inc. (ASTR) Q2 2023 Earnings Call Transcript Astra Space, Inc. (NASDAQ:ASTR) Q2 2023 Earnings Conference Call August 14, 2023 4:30 AM ET Company Participants Andrew Hsiung - VP of Strategic Finance and Capital Markets Chris Kemp - Founder, Chai... 1 year ago - Seeking Alpha Astra Announces Second Quarter 2023 Financial Results ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced financial results for its second quarter ended June 30, 2023. Astra also announced on August 4, 2023 a stra... 1 year ago - Business Wire Astra to Host Conference Call on August 7, 2023 ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will host a conference call to discuss recent events via a webcast at 6:00am PT (9:00am ET) on Monday, August 7, 2023. A li... 1 year ago - Business Wire Astra Secures $12.5 Million Senior Secured Note Financing ALAMEDA, Calif.--(BUSINESS WIRE)---- $ASTR #adastra--Astra Space, Inc. (“Astra”) (NASDAQ: ASTR)