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Trust Finance reported a revenue growth

13 April 2021 09:27

JAKARTA – PT Trust Finance Indonesia Tbk (TRUS) has recorded a steady revenue and profit throughout 2020, following the increased accounts receivable financing from IDR 271.27 billion to IDR 289 billion.

In its 2020 Financial Report published on Tuesday (13/4), Suparman Sulina, the President Director of TRUS, mentioned that the revenue was recorded at IDR 49.82 billion, growing from IDR 48.63 billion. Meanwhile, the current year’s profit increased from IDR 16.9 billion to IDR 18.13 billion.

In 2020, TRUS managed to score the total accounts receivable financing of IDR 289 billion, consisting of investment invoice financing of IDR 251.01 billion and multifunction invoice financing of IDR 37.99 billion. Meanwhile, the total accounts receivable financing in 2019 only reached IDR 271.27 billion, including IDR 252.68 of investment invoice financing and IDR 18.4 billion of multifunction invoice financing.

The revenue from the investment financing was up to IDR 43.96 billion, increasing from IDR 43.40 billion. The multifunction investment added IDR 3.84 billion, growing from IDR 3.41 billion, while operation rent contributed IDR 444 million, lower than IDR 457.61 million in 2019, to the revenue. (LK/ZH)

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