JAKARTA (Yosefardi) – PT Astra International Tbk (ASII) allocates Rp13.6 trillion for capital expenditure (capex) for this year, a 38.77% rise compared to Rp9.8 trillion capex for last year.
Capex for automotive division accounts for Rp2.7 trillion, for plantation Rp2 trillion, toll road infrastructure Rp1.3 trillion, and property Rp1.6 trillion. The rest Rp3 trillion is for logistic business, financial services, and information technology.
ASII has cash balance of Rp27 trillion. The company posted net profit of Rp14.46 trillion in 2015, dropped 24.7% from 2014 due to downfall of its agribusiness, heavy equipment & mining, and financial services segments.
Agribusiness segment suffered the most with 75% fall, while heavy & mining dropped 28% due to significant weakeing in the fourth quarter.