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)
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)