PT Indomobil Sukses Internasional Tbk Announces Consolidated Earnings Results for the Year Ended December 31, 2017
February 28, 2018 at 04:44 am EST
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PT Indomobil Sukses Internasional Tbk announced consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net revenues of IDR 15,417,736,108,122 compared to IDR 15,049,532,331,662 a year ago. Operating income was IDR 1,409,679,268,075 compared to IDR 572,886,939,173 a year ago. Income before income tax was IDR 135,950,684,055 compared to loss before income tax of IDR 247,734,763,943 a year ago. Loss for the year was IDR 43,465,231,758 compared to IDR 312,881,005,784 a year ago. Loss for the year attributable to equity holders of the parent equity was IDR 90,951,494,277 or IDR 32.89 per basic share compared to IDR 289,419,917,747 or IDR 104.66 per basic share a year ago. Net cash used in operating activities was IDR 567,303,672,539 compared to net cash provided by operating activities IDR 118,811,023,397 a year ago. Acquisition of fixed assets was IDR 1,267,010,142,122 compared to IDR 830,640,317,073 a year ago.
PT Indomobil Sukses Internasional Tbk is an Indonesia-based company, which is engaged in the automotive industry. The Company's business segments include Automobiles, Spare Parts, Financial Services, Car Rental and logistics, Services, Fuels and Lubricants, Contractor Services, Manufacturing and Others. The main business fields of the Company and its subsidiaries include brand licensees, vehicle sales distribution, after-sales services, motor vehicle financing services, spare parts distributors, motor vehicle assembly, automotive component manufacturing, and other supporting business groups. The Company and its subsidiaries are engaged in assembling and distribution of automobiles, buses, trucks, and heavy equipment, which, include the brand names of Suzuki, Nissan, Datsun, Volvo, Volkswagen (VW), SsangYong, AUDI, KIA, Hino, Renault, Manitou, GEHL, Kalmar, Mantsinen, John Deere, Foton, Great Wall, SDLG, HIAB, TEL Equipment and Bandit and/or motorcycles and their related components.