Adira's net profit grew by 29% in 2018
JAKARTA. PT Adira Dinamika Multi Finance Tbk (ADMF) recorded a growth of 29% in its net profit from Rp 1.4 trillion in 2017 to Rp 1.82 trillion in 2018.
In the information disclosure on the Indonesia Stock Exchange (IDX) on Friday (29/3) today, ADMF said that its profit growth in 2018 was supported by the growth of financing in the motorcycle and car segments. Adira managed to gain Rp. 20.5 trillion from motorcycle sales and Rp. 16.9 trillion from car sales in 2018. The sales of motorcycle grew by 13.3% year on year (YoY), while the growth of car sales was recorded at 22.3% YoY.
The total new financing disbursed by ADMF rose 17% YoY to Rp. 38.2 trillion in 2018. Meanwhile, the total financing managed by ADMF as of 2018 was recorded at Rp. 51.3 trillion, up by 13%.
As of the end of 2018, ADMF's total assets had reached Rp. 31.5 trillion. With total revenue of Rp 10.2 trillion, ADMF's Return on Equity (ROE) slightly increased to the level of 28.4%. (KR/AR)