JAKARTA. PT Indomobil Multi Jasa Tbk (IMJS), a consumer finance company owned by the Salim Group, posted a net profit of IDR 333.69 billion in 2023, growing 130% year-on-year (yoy) or from the previous year which only reached IDR 145 billion.

IMJS's net profit growth in 2023 was supported by its revenue performance which reached IDR 5.15 trillion. The company's revenue in this period increased by 6.81% yoy, from IDR 4.82 trillion in 2022.

Based on the recently released financial report, the vehicle rental business line and related businesses were the main contributors to IMJS's revenue, with a revenue figure of IDR 3.06 trillion. Meanwhile, revenue from the financial services business was only IDR 2.08 trillion.

In addition, IMJS's net profit growth in 2023 was also supported by other operating income which grew 50% yoy to IDR 503 billion. Then the company's financial income grew 86.5% yoy to IDR 33.4 billion. Finally, the company also recorded a gain on the fair value of investments in stock instruments of IDR 2.27 billion.  

According to idnfinancials.com data, IMJS's net profit in 2023 was the highest in the last 5 years. Previously, the company only made a net profit of IDR 145 billion in 2022, then suffered losses in 2020-2021, and posted a net profit of IDR 76.5 billion in 2019. (KR/LM)