2017, Adira Dinamika Multifinance Books Net Profit Increase Nearly 40%

By : Abraham Sihombing And Aldo Bella Putra | Monday, February 19 2018 - 21:00 IWST

Adira. (Foto: IST)
Adira. (Foto: IST)

INDUSTRY.co.id - Jakarta - PT Adira Dinamika Multifinance Tbk (ADMF) net profit in 2017 was recorded at Rp1.4 trillion. It showed a significant increase of 39.6% compared to the previous year's net profit of Rp1 trillion.

"The increase in net income is sustained by revenue growth of 8.6% to Rp9.1 trillion in 2017 compared to the actual revenues in 2016 of Rp1 trillion," said I Made Dewa Susila, Finance Director of ADMF, in Jakarta on Thursday (15 / 02/2018).

Thus, according to Made, the company's net profit margin in 2017 reached 15.38%. That is 3.45% higher than the actual net profit margin of 2016 at 11.93%.

"The increase in net profit margin is because the percentage of net profit growth is higher than the percentage of revenue growth. Companies that have high efficiency have income that tends to flat but maximum net profit growth. It is because of the tightness of the company's efficiency actions against the costs," Made said.

Made said, the total value of corporate liabilities in 2017 reached Rp 7 trillion. That is 4.7% higher compared to the realization of corporate liabilities in 2016 of Rp6, 69 trillion.

Despite increased operating costs, Made said, but ADMF's interest and finance charges fell 7.5%. That's because of the company's efforts to diversify their sources of income.

Made said, the total financing receivables of ADMF in 2017 financed by the scheme of joint financing recorded Rp18 trillion. That is equivalent to 40% of financing receivables managed by the company which amounted to around Rp45 trillion.

Meanwhile, funding obtained from external cash reached Rp21 trillion. 50% of the total funding is financed by bank loans and the remaining 50% is financed by equity derived from the capital market. (Abraham Sihombing)

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.