WOM Finance Continues To Record Positive Performance

Photo: Doc. WOM Finance

JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOM Finance) held an Annual Public Exposure (Public Expose) which was held in a hybrid manner to meet the provisions of Obligation to Submission Information to convey the latest developments around WOM Finance to the public, including shareholders and investors.

Djaja Suryanto Suandar, President Director of WOM Finance said the centralization and digital transformation that had been carried out since four years ago and continued in 2023 caused business processes to become more effective and efficient and reduce the risk of financing problems. This has an impact on WOM Finance so that it can conduct more careful and precise profiling of consumers.

"WOM Finance continues its positive trend in 2023 and we are optimistic that it can continue this trend while maintaining good asset quality and adequate reserves, while continuing the process of business transformation and risk mitigation through Good Corporate Governance," said Djaja, in a written statement, Tuesday, October 31.

Quality operational services with appropriate technology support and competent human resources as well as professional management have made the Company's performance in 2023 increase compared to the previous year.

WOM Finance Finance Finance Director, Ring Lisa Hadi added that WOM Finance again recorded positive growth where until September 2023, WOM Finance managed to channel financing of IDR 4.3 trillion or an increase of 32 percent compared to the same period the previous year, where the largest contribution was to the multipurpose financing of MotorKu and CarKu of IDR 3.1 trillion followed by financing of new motorbikes and precious metals of IDR 1.2 trillion.

WOM Finance itself managed to record a net profit as of September 2023 of IDR 141 billion, an increase of 15 percent compared to the same period last year. Total assets in September 2023 were recorded at IDR 6.6 trillion, an increase of 19 percent compared to the same period last year.

On the other hand, total equity was recorded at IDR 1.6 trillion, an increase of 12 percent compared to the same period last year, Return on Equity (ROE) was also recorded to have increased to 12.1 percent in line with the Company's business growth.

"The overall company's performance that continues to improve is none other than the hard work of all management and employees. With this success, we are ready to expand more to achieve more solid growth for the satisfaction of our consumers and partners," concluded Djaja.