JAKARTA - Finance Director of PT BFI Finance Indonesia Tbk (BFI Finance) Sudjono said the adjustment to the price of fuel oil (BBM) did not affect the company's performance until the end of 2022. "The increase in fuel will not necessarily stop this (good) trend," said Sudjono at BFI Finance and Capital Borrowing Media Launcheon in Jakarta, quoted from Antara, Wednesday, September 7. Dia menjelaskan penyesuaian harga BBM tidak akan memperburuk kinerja perseroan, karena dari sisi permintaan masih akan tetap positif, dan sisi kualitas aset masih akan tetap terjaga. "If the quality of financing is given prudently, well, it does not necessarily make consumers unable to pay," said Sudjono. However, according to him, the instability of social and political conditions can actually affect the company's performance, even all financing sector actors in Indonesia will also be affected. "If the socio-political conditions worsen, there will be riots, arson, riots, that will change the conditions," said Sudjono. He said the fuel price adjustment made by the government was intended to reallocate the budget to more productive posts, as well as to be more targeted. "Earlier, the subsidy was used to burn oil. Now the price has been increased, the government has savings that can be channeled for more productive activities such as social assistance," said Sudjono. On this occasion, he also explained that the company had managed receivables worth Rp. 16.8 trillion, an increase of 23.3 percent year on year (yoy) in the 2022 semester-I. In addition, the company has also earned a profit of Rp. 828.9 billion from the amount of revenue earned by Rp. 2.5 trillion in the first semester of 2022.

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