JAKARTA. PT Trimegah Sekuritas Tbk (TRIM), a broker and underwriting service company, scored net profit of IDR 151.73 billion within the first nine months (9M) of 2024.

Said number increased 53% year-on-year (yoy) from IDR 99.16 billion recorded in the same period last year.

According to the recently released report, TRIM’s profit surge in 9M 2024 was driven by its operating revenue that reached IDR 622.86 billion as of September 2024. The revenue increased 20.7% yoy from IDR 515.8 billion in 9M 2023.

Investment manager services became the growth driver of TRIM’s revenue in 9M 2024, generating a total of IDR 212.6 billion. Then, brokerage commissions followed with IDR 88.3 billion, surpassing underwriting fees of IDR 36.5 billion, financial advisory fees of IDR 28.17 billion, and others of IDR 2.5 billion. The rest of the revenue came from investment income.

As of September 30, 2024, TRIM reported total assets of IDR 3.83 trillion, with cash and cash equivalent of IDR 173.63 billion, while the equity reached IDR 1.37 trillion. (KR/ZH)