JAKARTA: PT Mandiri Finance Indonesia posted IDR13.91 billion net profits last year.
Such net profit grew 40.64% compared to IDR9.89 billion in 2010, according to the company’s financial report published on Friday, April 27, 2012.
It grew as revenue rose 23.23% to IDR144.64 billion from IDR117.37 billion a year earlier.
Motor vehicle financing contributed IDR117.80 billion or 24.45% higher compared to IDR94.65 billion in 2010.
The company engages in used car financing, which was established in 1992, recorded 20.63% increase in burden to IDR126.22 billion from previously IDR104.63 billion.
Mandiri Finance, which is chaired by Hosea Sanjaya, owned IDR943.87 billion assets as of December 2011. (T06)
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