JAKARTA. PT Trimegah Sekuritas Indonesia Tbk (TRIM) recorded net profit of IDR 177.5 billion in 2022, proliferating 241.9% year-on-year (yoy) or compared to the previous year.

According to IDNFinancials record, TRIM’s net profit in 2021 was only IDR 51.9 billion. The massive jump in its net profit in 2022 was propelled by its revenue that amounted to IDR 704.8 billion. Compared to the previous year, the revenue of TRIM managed to rise 52.8% yoy in 2022.

Approximately IDR 434.68 billion of the total TRIM’s revenue originated from user contracts. It includes income from investment management activities, brokerage commissions, underwriting commissions, and financial advisory services.

The remaining IDR 237.77 billion resulted from investments initiated by TRIM itself.

Until December 31, 2022, TRIM recorded total assets of IDR 2.11 trillion with cash and cash equivalent of IDR 574.34 billion. Meanwhile, its total equity reached IDR 1.06 trillion. (KR/ZH)