Flat growth Astra International
Geplaatst: vr feb 28, 2014 5:08 am
Astra International failed to stave off unfavorable domestic macroeconomic conditions, as the diversified conglomerate posted flat growth last year, dragged down by declining business in its subsidiaries.
According to a press release made available on Thursday, the publicly listed giant recorded a flat 4 percent year-on-year growth in consolidated revenue to Rp 193.9 trillion (US$16.6 billion) in 2013. Its consolidated profits remained unchanged from the previous year, standing at Rp 19.4 trillion.
In comparison, Astra booked 16 percent and 9 percent year-on-year increases in its consolidated revenue and net income respectively in 2012.
http://www.thejakartapost.com/news/2014 ... -2013.html