Indomobil Multi Jasa Tbk (IMJS) posted IDR 1.35 trillion in the first half of 2017, up 8.87 percent over the same period last year. Revenue from financial services contributed IDR 794.68 billion or 59 percent of the company’s total revenue. Revenue from rental vehicles contributed 41 percent or IDR 554.28 billion.
Based on the financial statements, the company’s cost of revenue declined 2.85 percent to IDR 786.67 billion, thus gross profit increased 30.34 percent to IDR 565.23 billion. However, sales expense and general and administrative expenses also grew by 11.42 percent to IDR 78.71 billion and 35.63 percent to IDR 418.26 billion, respectively.
The company recorded operating profit amounting to IDR 186.68 billion, growing 11.29 percent over the same period last year. Net profit reached IDR 87.09 billion, down 1.7 percent over the same period last year due to the increasing income tax.
On Friday (15/9), IMJS rose 12.1 percent to IDR 296. (*)