Jakarta – From January to September 2021, PT Astra Otoparts Tbk (AUTO) posted an increase in net income of Rp11.041 trillion.

The increase in net income was due to the rise in revenue from the manufacturing and trading business segments, which contributed 49% and 51% to the company's total consolidated net income.

"Although the current macroeconomic situation is still uncertain as a result of the pandemic, the company can show a positive performance by implementing operational excellence through placing a focus on operational control and working capital management as well as selective investment for new products and diversification of non-automotive products," said the Director. PT Astra Otoparts Tbk, Wanny Wijaya in his statement, Monday (8/11).

As of September 30, 2021, according to Wanny, the company posted a consolidated net profit of Rp446 billion compared to a net loss of Rp243 billion in the same period last year.

"In addition, the company's balance sheet remains strong with a healthy and stable Debt to Equity Ratio," he explained.

In the manufacturing business segment, the company produces components and series (assemblies) with international standards and partners with various world-class spare parts to be marketed to the automotive manufacturer market (OEM/Original Equipment Manufacturer) and replacement parts market (REM/Replacement Market), both for two-wheeled, four-wheeled, and commercial vehicles.

In the first nine months of 2021, the total manufacturing business contributed 49% of the company's total net income, with total sales of Rp5.429 trillion, an increase of 44% from the same period last year.