JAKARTA. PT Adira Dinamika Multi Finance Tbk (ADMF), a financing company under PT Bank Danamon Indonesia Tbk (BDMN), had scored net profit of IDR 1.3 trillion throughout January-September (9M) 2023.

ADMF’s net profit in 9M 2023 was seen increasing 17% year-on-year (yoy). The growth is promoted by similar trend in revenue, increasing 11% yoy to IDR 6.9 trillion.

Dewa Made Susila, President Director of ADMF, mentioned that the amount of new financing channelled to companies in 9M 2023 was IDR 30.4 trillion. New financing growth in this period also grew 39% yoy.

“All financing segments experience upturn, particularly motorcycles, which rose 45% yoy, followed by car and automotive of 35% yoy each,” Susila mentioned in the official release.

ADMF projects that sales in the automotive industry are still on track with 2023 target. Indonesia Motorcycle Industry Association (IMIA) is projecting that national motorcycle sales this year will reach 5.8-6 million units. Meanwhile, Association of Indonesia Automotive Industries (GAIKINDO) is projecting that the car sales target this year reaching 1.05 million units.

With this projection, ADMF expects new financing to grow up to 20% until the end of this year. This target has considered the economic growth projection at 5%. (KR/ZH)