JAKARTA - PT Clipan Finance Tbk (CFIN) generated Rp 361.59 billion in net profit in 2019, higher than the figure recorded in 2018 of Rp 305.14 billion
As revealed in the financial report released today (27/2), the company recorded Rp 2.16 trillion in revenue in 2019, higher than the figure recorded in 2018 of Rp 1.93 trillion. However, the company's expenses actually rose from Rp 1.52 trillion in 2018 to Rp 1.68 trillion. Despite that, the company's pre-tax profit still rose from Rp 412.31 billion to Rp 486.67 billion.
From the revenue, two posts noted a significant decrease, namely revenue from finance lease went down 47.89% from Rp 326.34 billion (2018) to Rp 170.05 billion (2019) and revenue from factoring went down 63.67% from Rp 70.01 billion (2018) to Rp 25.44 billion (2019). Hence, the growth in revenue was supported significantly from revenue from consumer financing that rose 33.47% from Rp 1.19 trillion (2018) to Rp 1.59 trillion (2019). (ARM/AR)