WOM Finance grabs IDR137.86 billion net income

JAKARTA: PT Wahana Ottomitra Multiartha Tbk (WOM Finance) booked a net income of IDR137.86 billion or rose by 127.11% last year from IDR60.67 billion in previous year.

In the financial statement published on Indonesia Stock Exchange today, the revenue increase was supported by IDR1.49 trillion revenues that was over last year's figure, IDR1.38 trillion.

Of the total revenues, about 37.15% was contributed from vehicle financing IDR554.32 billion, while the rest was from administration and interest contributing IDR707.80 bilion and IDR8.47 billion each. Other revenues reached IDR221.13 billion.

The company's expenses were IDR1.298 trillion in 2010 while last year the3 expenses amounted IDR1.295 trillion.

On that profit, the assets of the subsidiary of PT Bank Internasional Indonesia Tbk widened to IDR3.59 trillion from IDR2.57 trillion last year. The asset figure once touched IDR3.43 trillion in 2008 yet narrowing to IDR2.57 trillion in 2009. (NOM)