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Asia300

Top Indonesian conglomerate logs 25% profit growth

Banking, heavy equipment units lift Astra International's sales

Astra International has logged its highest profit growth in five years. (Photo by Takaki Kashiwabara)

JAKARTA -- A stellar performance at Astra International's financial services and heavy equipment divisions helped Indonesia's largest publicly-listed conglomerate log a 25% increase in net profit for last year.

Astra said on Tuesday that its 2017 net income jumped to 18.8 trillion rupiah ($1.3 billion), while revenue rose 14% to 206 trillion rupiah.

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