Second quarter profit at PT Astra International, Indonesia’s main vehicle distributor and biggest listed company, rose 26%, driven by strong vehicle sales and higher commodities prices.
Astra, controlled by Singapore’s Jardine Cycle & Carriage, saw second-quarter net profit at 4.3 trillion rupiah (US$506.6m), up from 3.4 trillion rupiah in the same period a year ago, the firm said in a statement cited by Reuters.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Indonesian car sales for the first half of 2011 were up 12.8% year on year after a 57% surge in 2010.
Analysts have forecast Astra’s full year 2011 net profit up 15% to 16.55 trillion rupiah, according to Thomson Reuters I/B/E/S.