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Pegadaian net profit shifted 20.29% higher

10 February 2022 14:19

JAKARTA. The net profit of PT Pegadaian (Persero) and its subsidiaries increased 20.29% in 2021 to IDR 2.43 trillion, climbing from IDR 2.02 trillion reported in 2020.

In the Financial Report published publicly, PT Pegadaian actually reported decreased revenue of 6.03% to IDR 20.64 trillion from IDR 21.96 trillion in 2020. However, despite the decline, its operating profit moved up 16% year-on-year (yoy) to IDR 3.24 trillion. Furthermore, the company also succeeded in its efficiency strategies, cutting down operating expenses by 9.23% to IDR 17.40 trillion.

Meanwhile, the total obligations by the end of 2021 also reportedly depleted 15.68% to IDR 39.51 trillion from IDR 46.86 trillion in 2020. Meanwhile, its equity shifted upwards to IDR 26.26 billion.

Pegadaian is officially under PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), which is now a part of the ultramicro holding. (AM/ZH)

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