Coal Average Selling Price Increase

Astra International (ASII) proved their resilience despite uncertain global economic conditions, posting a 9% YoY increase in revenue (IDR 240.9 trillion vs IDR 221.4 trillion) in 9M23. There
was also a 10% YoY increase in net income (IDR 25.7 trillion vs IDR 23.3 trillion) with a minor increase in net profit margins (10.7% vs 10.5%), despite stomaching a negative fair value adjustment of IDR 378 billion to their investments in PT GoTo Gojek Tokopedia Tbk (GOTO) and PT Medikaloka Hermina Tbk (HEAL).

Asset Growth

Astra International (ASII) proved their resilience despite uncertain global economic conditions, posting a 9% YoY increase in revenue (IDR 240.9 trillion vs IDR 221.4 trillion) in 9M23.

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