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Astra International's Shares Rise Sharply Following 2022 Results

Por: MarketWatch Business February 28, 2023

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Shares were last 6.0% higher at IDR6,125. The Indonesian conglomerate reported that its 2022 net profit rose 43% to 28.944 trillion rupiah ($1.90 billion). In a note, Citi analysts Ferry Wong and Ryan Davis said that Astra's net profit had beat the U.S. bank's estimates, although it was slightly below consensus estimates due to an unrealized loss of about IDR1.54 trillion from its investments in GoTo Gojek Tokopedia and Hermina. If... + full article



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