JAKARTA - PT Mitra Pinasthika Mustika Tbk (MPMX), one of Indonesia’s leading consumer automotive and transportation companies today released its audited 2021 consolidated financial statements with a number of positive achievements despite still facing the Covid-19 pandemic situation. The Company delivered a solid and encouraging performance with net revenue growth of 15% to Rp12.9 trillion and recorded a consolidated net profit of Rp412 billion, which grew 208% compared to same period last year.
“Looking back at 2021, we are very grateful for the Company’s performance. We have ended 2021 strongly, and once again we have demonstrated our resilience and capability in overcoming crisis with another outstanding performance and achievements, and we enter 2022 with good momentum supported by the ongoing national economic recovery,” said Suwito Mawarmati, Group Chief Executive Officer MPMX.
Distribution, Retail, and Aftermarket Segment recorded an 18.7% in revenue which generated approximately 90% of the total consolidated revenue driven by the strong sales growth of the two-wheel market nationwide. MPMulia sold 646 thousand units, rose 16% from the same period last year.
For the Transportation Segment, MPMRent’s revenue decreased by 7% compared to the same period last year mainly due to the lower used car sales volume.
As for the Insurance Segment, MPMInsurance recorded an increase of premium growth by 29%, despite the 9% decrease in revenue. This was due to the lower profit contribution from the premium of vehicle insurance products, even though there was growth in other insurance products. (LM)