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ISSUER NEWS - JAKARTA. PT Astra Otoparts Tbk (AUTO) recorded an increase in performance in 2023. AUTO's net profit and revenue increased throughout 2023.
According to AUTO's financial report, as of December 31, 2023, the net profit attributable to the parent entity increased by 38.88% year on year (YoY) to IDR 1.84 trillion compared to AUTO's net profit in 2022 of IDR 1.32 trillion.
Meanwhile, AUTO's revenue increased to IDR 18.64 trillion or up 0.37% compared to 2022 revenue of IDR 18.57 trillion.
The increase in revenue was supported by several segments, namely the automotive component manufacturing segment of IDR 10.54 trillion, and the trading segment of IDR 8.10 trillion.
AUTO's export sales in 2023 decreased to IDR 1.50 trillion compared to the same period last year of IDR 1.58 trillion.
However, the cost of revenue in 2023 decreased to IDR 15.57 trillion, this figure decreased by 2.01% compared to the same period last year, the cost of AUTO's revenue was IDR 15.89 trillion.
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AUTO's gross profit soared to IDR 3.07 trillion or up 14.48% compared to the same period last year of IDR 2.68 trillion.
As of December 31, 2023, AUTO's liabilities decreased to IDR 5.07 trillion compared to liabilities on December 31, 2022 of IDR 5.46 trillion.
AUTO's total equity increased to IDR 14.53 trillion as of December 31, 2023, compared to AUTO's equity on December 31, 2022 of IDR 13.05 trillion.
