JAKARTA - PT Multi Medika Internasional Tbk (MMIX) secures a loan facility of IDR 60 billion for working capital from PT Bank Aladin Syariah Tbk (BANK).

Mengky Mangarek, President Director of MMIX, mentioned that this facility will be used to fund several new products to be marketed in the future, other than products funded by BANK. “The availability period is 12 months since the signing of line facility agreement, and will not exceed the line facility period,” he said in the information disclosure quoted Wednesday (3/1).

The interest is set to 12% per annum. The withdrawal is set to a maximum of 100% of equated invoice. The transaction value is equal to approximately 31.52% of MMIX’s total equity as of September 2023 worth IDR 190.33 billion.

Until September 2023, this issuer bagged revenue of IDR 139.83 billion, increasing from IDR 117.93 billion seen in the same period in 2022. However, its profit declined yearly from IDR 35.82 billion to IDR 27.31 billion. (LK/ZH)