JAKARTA. A drop in car sales nationwide in the first quarter of this year has affected the profits of major automotive distributors, including PT Indomobil Sukses Internasional, which has recorded a 17 percent decrease year-on-year (yoy) from Rp 5.05 trillion (US$376.64 million) to Rp 4.19 trillion. “The company’s net profit stood at Rp 4.19 trillion in the first quarter of this year, in which 66 percent came from cars, 12 percent from automotive parts, 8 percent from financial services, 8 percent from car rentals and 17 percent from other things,” Indomobil president director Jusak Kertowidjojo said during a shareholders meeting in Jakarta on Friday. In the first quarter, Indomobil recorded only Rp 2.77 trillion in car sales, a decrease from Rp 3.80 trillion in the same period last year.
Indomobil’s net profit drops on falling car sales
JAKARTA. A drop in car sales nationwide in the first quarter of this year has affected the profits of major automotive distributors, including PT Indomobil Sukses Internasional, which has recorded a 17 percent decrease year-on-year (yoy) from Rp 5.05 trillion (US$376.64 million) to Rp 4.19 trillion. “The company’s net profit stood at Rp 4.19 trillion in the first quarter of this year, in which 66 percent came from cars, 12 percent from automotive parts, 8 percent from financial services, 8 percent from car rentals and 17 percent from other things,” Indomobil president director Jusak Kertowidjojo said during a shareholders meeting in Jakarta on Friday. In the first quarter, Indomobil recorded only Rp 2.77 trillion in car sales, a decrease from Rp 3.80 trillion in the same period last year.