Profit of Adira Finance Drops 40.12%
21 July 2014 07:26 WIB
TEMPO.CO, Jakarta - Automotive financing companies PT Adira Dinamika Multi Finance (ADMF) has recorded a decreasing income by 40.12 percent, from Rp758.80 billion to Rp541.58 billion in the first quarter of 2014. This was due to the increased burden costs of 15.77 percent, from Rp2.83 trillion to Rp 3.36 trillion in this year's first quarter.
"Approximately all costs have become higher, starting from interests, salaries, administration and public costs," said Adira president director and chief executive officer (CEO) Willy Suwandi Dharma, in a financial report uploaded on the Indonesian Stock Exchange's (BEI) official website.
Meanwhile, their income has increased 5.88 percent to becoming Rp4.08 trillion in the first quarter. In the same period last year, the income was Rp3.84 trillion.
Adira is targeting credit distributions for motorcycles to rise by approximately 11 percent, which is Rp37 trillion this year. In regards to the number of debtors, the company is targeting two million people to become their debtors.
DEWI SUCI RAHAYU
