Tag Archives: Astra

Indonesia New Vehicle Sales Increased by 9% in Q2

JAKARTA – National automotive sales have recovered in the second quarter of this year dominated by low-cost green cars (LCGC). The automotive industry sold 264,000 cars from April to June 2016, 9 per cent more than in the same period of last year according to the Association of Indonesian Automotive Industries (Gaikindo). Indonesian market leader Astra International sold 146,000 cars

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Astra Group Drive Down Jardine C&C’s Profit

Challenging conditions, especially in Indonesia, weighed on half-year earnings at conglomerate Jardine Cycle & Carriage. Net profit for the six months to June 30 slid 9 per cent to US$328 million (S$439 million) due largely to lower earnings in automotive group Astra’s financial services and heavy equipment and mining businesses. Revenue for the first half declined 6 per cent to

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