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Adira Finance generated Rp 959 billion in profit in 1H 2019

29 July 2019 20:57

JAKARTA. PT Adira Dinamika Multifinance Tbk (ADMF) generated Rp 949 billion in net profit the first half of this year, 9% higher compared to the company's net profit in the same period last year. 

ADMF's net profit growth in the first half of this year was supported by interest income, which grew by 12% to Rp 5.89 trillion. The company's net interest margin in this period was also maintained at the level of 14.2%, and its ratio of non-performing loans (NPLs) was at the level of 1.9%

I Dewa Made Susila, Finance Director of ADMF, said that the company would maintain its performance growth until the end of the year. This will be done by keeping the NPL below 2% and the debt to equity ratio at the safe level. "The ratio between loans and current equity is 3.4 times," Made said when met by idnfinancials.com on Monday (29/7) today.

The total new financing disbursed by ADMF until the end of the first semester of this year is Rp 19.1 trillion. Car financing contributed Rp. 8.07 trillion, while motorcycle financing contributed Rp 9.9 trillion. (KR/AR)

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