JAKARTA. PT Bank BTPN Syariah Tbk (BTPS) posted a net profit of IDR 375.15 billion in the first quarter (Q1) of 2021, down 6.75% year-on-year (yoy) or compared to the same quarter last year.
The decrease in net profit is in line with the performance of BTPS's revenue which has decreased in Q1 2021. Revenue from fund management by banks was recorded at IDR 1.11 trillion, down 5.75% yoy. Then revenue sharing rights were recorded at IDR 1 trillion or decreased by 4.29% yoy and other operating income of IDR 5.57 billion.
At the end of March 2021, the total assets of BTPS were recorded at IDR 17.3 trillion. The company's total assets grew 5.2% compared to the position of assets at the end of 2020, which was IDR 16.4 trillion.
Meanwhile, total BTPS equity at the end of Q1 2021 was recorded at IDR 6.3 trillion, 6.4% higher than the equity position at the end of December 2020. This increase in equity was due to an increase in the company's net profit in Q1 2021. (KR/LM)