JAKARTA. PT Indomobil Multi Jasa Tbk (IMJS), a consumer financing company under Salim Group, booked revenue of IDR 2.71 trillion in the first nine months (9M) of 2024.

This number grew 7.3% year-on-year (yoy) compared to the same period last year, in which the company only scored revenue of IDR 2.53 trillion.

Vehicle lease and related business still contributed most of the revenue for IMJS in 9M 2024, generating IDR 1.65 trillion. Meanwhile, financial services brought in IDR 1.06 trillion.

However, its net profit in 9M 2024 slightly slowed down to IDR 105.95 billion. In the same period last year, IMJS’s net profit was reported at IDR 124.63 billion.

The declining profit was caused by several factors, as revealed in its latest financial report. For example, general and administrative expenses saw 43% yoy increase to IDR 698 billion, while profit share from associates reported 32% yoy slippage to IDR 11.32 billion. (KR/ZH)