Astra International (ASII), the country’s largest automotive company, booked a net profit of Rp18.17 trillion in the first half (H1) of 2022, doubled year on year (y/y), including the fair value gain on its investment in GOTO. ASII, once the largest company by market capitalization, is now (Rp256 trillion) way behind GOTO (Rp350 trillion).
Read MoreMajor banks reported strong financial performance in the first half ended June 30, 2022 thanks to falling provision of not performing loans (NPLs) and higher net interest margins.
Read MoreRetailers Matahari Department Store (LPPF) and Ramayana Lestari (RALS) reported strong performance in the first half ended June 30, 2022, thanks to lifting of most Covid-19 related restrictions.
Read MoreMost major coal miners have yet to release their first half results pending limited audit. In general, however, they enjoyed a bonanza year thanks to high price environment of the commodity.
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