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Economy

Indonesia's Astra International Q1 net profit up 63% on year

Robust car sales, coal rebound boost conglomerate's earnings

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A woman walks near a logo of PT Astra International at Astra International headquarter in Jakarta.   © Reuters

JAKARTA -- Astra International, Indonesia's largest publicly listed conglomerate, on Thursday said its net profit jumped 63% on the year to 5.08 trillion rupiah ($381 million) in the first three months of 2017, thanks to strong car sales and a recovery in its commodity businesses.

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