JAKARTA - PT BFI Finance Indonesia Tbk (BFIN) saw correction in its performance in H1 2024 compared to the same period in 2023. This revenue decline was triggered by low revenue from financing receivables.

In Financial Report of H1 2024 quoted today (6/8), this Indeks52 constituent’s revenue came from financing receivables of IDR 2.89 trillion, followed by sharia income of IDR 70.80 billion, finance income of IDR 29.41 billion, and others of IDR 114.18 billion. BFIN’s total revenue was reported at IDR 3.10 trillion.

Fr comparison, in the same period last year, financing receivables reached IDR 3.01 billion, followed by sharia income of IDR 49.73 billion, finance income of IDR 34.02 billion, and others of IDR 96.39 billion. Lastly, this issuer reported total revenue of IDR 3.19 trillion.

BFIN’s profit before taxes reportedly slipped 19.56% yoy to IDR 844.53 billion from IDR 1.04 trillion, resulting from increased total expenses of 5.35% yoy to IDR 2.26 trillion from IDR 2.14 trillion. Its net profit then also shrank 19.16% yoy to IDR 685.84 billion from IDR 848.43 billion. (LK/ZH)