WOM Finance Distributes Dividends Of IDR 70.92 Billion

Photo: Doc. WOM Finance

JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOM Finance), held an Annual General Meeting of Shareholders (AGMS) and an Extraordinary General Meeting of Shareholders (EGMS), located at the Function Hall, Sentral Building Senayan 3 Floor 28 Jl. Asia Afrika No. 8 Gelora Bung Karno Senayan Central Jakarta, Thursday 28 March.

The WOM Finance AGMS in 2024 discussed the annual agenda of approval and ratification of the Annual Financial Report and the use of Net Profit which was recorded throughout 2023, in which one of the decisions of shareholders approved the distribution of cash dividends of 30 percent of net profit or equivalent to IDR 70.92 billion or IDR 20.37 per share.

The Company itself managed to record a positive performance throughout 2023. The total distribution of the Company's financing increased by 27.75 percent compared to the previous year, from IDR 4.58 trillion to IDR 5.84 trillion.

Meanwhile, the Company's net profit reached IDR 236.41 billion, an increase of 19.64 percent from IDR 197.60 billion. The Company also managed to record a Return on Asset of 5.04 percent and a Return on Equity of 14.97 percent and a Gross Non Performing Financing (NPF) of 2.08 percent.

Djaja Suryanto Suandar, President Director of WOM Finance in his presentation said that the Company succeeded in ending 2023 with positive achievements so as to record asset growth and profitability, in the midst of challenging economic conditions. This achievement did not escape the support of the Management ranks, the Board of Commissioners, Shareholders and all employees in the smooth business of the Company.

"The company also carries out various initiatives to open up various opportunities and continue to strengthen synergy and collaboration with other stakeholders. This Initiative supports WOM Finance to continue to increase asset growth and record positive performance in 2023," explained Djaja.

Meanwhile, at the EGMS, discussing the agenda regarding approval of the Company's plan to transfer the Rights or Guarantee most of the Company's Receivables in the Context of obtaining Loans and/or Funding from Bank Financial Institutions both Domestically and Overseas, including in the Context of Sustainable Public Offering of Sustainable Bonds in the 2024 Fiscal Year.

"We remain optimistic in 2024, although it will still be a challenging year for the economy in Indonesia. We also continue to take prudent and flexible steps in adapting to the various developments in the market. In the end, the Company will continue to maintain the quality of healthy assets but continue to grow, along with our efforts to expand to new areas in the future," he concluded.