Earning IDR 197 Billion Profit, This Supports WOM Finance Revenue

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOM Finance) today held an Annual General Meeting of Shareholders (AGMS). In the AGMS, it is known that WOMF managed to report the total net profit of IDR 197.60 billion, an increase of 79.54 percent compared to the same period the previous year.

WOM Finance Director, Ring Lisa Hadi explained, this performance was supported by an increase in revenue obtained from the multipurpose products of MotorKu and Ku Car services as well as the financing of new motorbikes and MasKu.

"The increase in income is supported by an increase in financing disbursement until the end of 2022 by IDR 4.58 trillion, an increase of 10.50 percent compared to 2021 of IDR 4.14 trillion. Meanwhile, in terms of total assets in 2022, it grew to IDR 5.65 trillion, up 9.68 percent compared to 2021," said Ring in a press conference in Jakarta, Thursday, March 30.

He continued, the company's total equity was recorded at IDR 1.52 trillion. This value grew 12.61 percent compared to the same period in the previous year of IDR 1.35 trillion.

At the end of 2022, the Company's Return on Assets (ROA) was at 5.26 percent and Return on Equity (ROE) was 14.09 percent. Meanwhile, gross Non-Financing (NPF) is well maintained at 1.65 percent.

In this AGMS, the AGMS also decided to distribute dividends to shareholders amounting to Rp59.28 billion or 30 percent of the 2022 profit.

The dividend will be distributed for 3.48 billion shares. Therefore, each share will get dividends of around Rp. 17 per share.