Jakarta - PT Astra Otopart Tbk (AUTO) recorded growth in net profit attributable to entities, which jumped by around 271.31% to Rp611.348 billion in 2021 from Rp2.25 billion the previous year.

The company's financial report published on Friday (25/2) showed a 27.65% increase in net income to Rp 15.151 trillion at the end of 2021 from Rp 11.869 trillion in the previous year, supporting the increase in net profit.

In addition to net income, the support for strengthening profits was also supported by AUTO's ability to achieve a net profit of associates and joint ventures of Rp538.938 billion, compared to the previous loss of Rp76.932 billion.

Financial income increased by around 6.71% to Rp82,044 billion from Rp76,885 billion. AUTO also succeeded in reducing the rate of finance costs by almost double or from Rp70,0005 billion to Rp37,256 billion.

However, AALI's cost of revenue and selling expenses also increased by approximately 29.1