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Astra International Reports Resilient 2024 Earnings Amid Market Challenges

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Astra International Reports Resilient 2024 Earnings Amid Market Challenges

Jardine Cycle & Carriage ( (SG:C07) ) has provided an update.

PT Astra International Tbk reported a 1% increase in earnings per share to Rp845 for 2024, driven by strong performances in its motorcycle, financial services, and infrastructure sectors. Despite challenges in the car market and lower coal prices, Astra maintained its market share in the automotive industry and proposed a final dividend of Rp308 per share. The company remains optimistic about Indonesia’s long-term growth prospects and is well-positioned to navigate uncertainties while investing in core businesses and new opportunities.

More about Jardine Cycle & Carriage

YTD Price Performance: -3.10%

Average Trading Volume: 2,750

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $7.88B

Learn more about C07 stock on TipRanks’ Stock Analysis page.

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