JAKARTA. PT Panin Sekuritas Tbk (PANS), a security company under Panin Bank group, booked net profit of IDR 130.42 billion in 2023.

PANS’s net profit in 2023 faced a 47.5% shrinkage from the numbers seen in 2022. According to IDNFinancials, in 2022, the company managed to collect net profit of IDR 248.37 billion.

One of the factors behind the decline of PANS’s net profit in 2023 was the operating revenue that only reached IDR 396.66 billion. Meanwhile, in 2022, the company managed to score 32.8% year-on-year (yoy) growth in operating revenue to IDR 518 billion.

According to the segments, most of PANS’s revenue in 2023 came from brokerage and underwriting services, which clocked up to IDR 185.29 billion. Then, the revenue from investment management business line was reported reaching IDR 210.41 billion, and other business activities generated revenue of IDR 955.16 billion.

Until the end of 2023, PANS’s total assets were recorded at IDR 2.24 trillion, while its equity totalled IDR 1.57 trillion. (KR/ZH)