Financial services division of PT Astra International Tbk (ASII) or Astra Group net profit increased by 25 percent to Rp 797 billion in the first quarter of 2011.
"The contribution of net income the financial services division (Astra) has increased 25 percent to Rp 797 billion," remarked President Director ASII Prijono Sugiarto in a written statement received www.today.co.id on Thursday (05/12/2011).
He explained that the amount of financing Astra financial services division, including PT Federal International Finance (FIF), PT Federal International Finance (ASF) and PT Toyota Astra Financial Services (TAFS) in the first quarter of 2011 increased by 21 percent to Rp 11.8 trillion, compared to first quarter of 2010. However, this acquisition does not include part-financed from the banks in joint financing without recourse.
Furthermore, also mentioned PT Asuransi Astra Buana has recorded at least increase in premium income derived from retail and commercial. In addition, PT Bank Permata Tbk, which is 44 percent owned by Astra, has also posted a net profit increase in first quarter 2011 amounted to Rp 321 billion, up 20 percent compared to same period in 2010. According Prijono, company profitability supported by growth in the loan portfolio owned banking company.
As is known, the Astra group has booked net profit increases 43 percent for a total of Rp 4.303 trillion in the first quarter 2011.
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