NFC net profit soars in Q1 2021
JAKARTA – PT NFC Indonesia Tbk (NFCX) collects the current year’s profit of IDR 32.17 billion in Q1 2021, skyrocketing by 105.67% from the number reported in 2020 of IDR 15.64 billion. This gain is backed by the surge in other investment profits of IDR 19.13 billion.
Abraham Theofilus, the President Director of PT NFC Indonesia Tbk (NFCX), states that the company’s revenue reached IDR 2.12 trillion, growing from IDR 2.05 trillion. This income growth significantly originated from cloud-based commercials, reaching IDR 40.72 billion from the previous IDR 23.69 billion. Meanwhile, the aggregator for the digital products adds IDR 2.08 trillion to the revenue, increasing from IDR 2.03 trillion.
The user contributing over 10% to the total revenues are PT M Cash Integrasi Tbk (MCAS) of IDR 298.87 billion and PT Sumber Alfaria Trijaya Tbk (AMRT) of IDR 246.77 billion. These companies’ contribution equals 25.64% of NFCX’s total revenue. Its earnings before tax are recorded at IDR 35.24 billion, increasing from IDR 18.81 billion. (LK/ZH)