JAKARTA – The revenue of PT Adira Dinamika Multifinance Tbk (ADMF) reportedly increased 10.68% year-on-year (yoy) in H1 2024, while its profit sloped 6.58% yoy due to a 16.32% yoy increase in total expenses.

Based on Financial Report of H1 2024 quoted Friday (2/8), total revenue of this Indeks52 constituent was reported at IDR 5 trillion, up from IDR 4.52 trillion seen in the same period in 2023.

The primary contributor of ADMF’s revenue was consumer financing, which generated IDR 3.14 trillion, increasing from IDR 2.94 trillion. Then, murabahah margin widened to IDR 802.85 billion from IDR 712.01 billion, followed by an increase in finance leasing to IDR 114.41 billion from IDR 64.92 billion, while other income shifted to IDR 945.62 billion from IDR 797.03 billion.

Total expenses, on the other hand, swelled to IDR 4.04 trillion from IDR 3.47 trillion. The increases were seen in several posts, including interest and finance expenses, consumer financing expenses, murabahah financing expenses, general and administrative expenses, as well as profit-sharing of sukuk mudharabah and others. (LK/ZH)