Astra International, one of Indonesia's largest diversified conglomerates, sold 398,995 cars in the first eight months of the year, up 9 percent year-on-year (y/y) from the company's car sales in the January-August 2016 period. The Astra Group, the biggest force in Indonesia's automotive sector, now controls 56 percent of the nation's car sales market.

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Being the barometer of the Indonesian economy - due to the company’s presence in various sectors of the economy - the financial performance of Astra International in the first quarter of 2015 provides valuable information about the current condition of the Indonesian economy (ahead of the official release of the country’s Q1-2015 GDP growth). As Astra’s net profit and revenue declined 15.6 percent and 9 percent, respectively, from the same quarter last year, investors’ concern about the country’s Q1-2015 GDP growth figure is justified.

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