Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Economy>>Pawnshop records Rp 2.5t in net profit in 2017

NEWS UPDATES Asean Affairs  March  16, 2018  









Pawnshop records Rp 2.5t in net profit in 2017

State-owned pawnshop PT Pegadaian recorded Rp 2.5 trillion (US$182 million) in net profit in 2017, representing a 13.7 percent year-on-year (yoy) growth.

Pegadaian president director Sunarso said the service improvement and network expansion had contributed to the significant growth in the company’s profit.

The company saw outstanding loans (OSL) increase to 36.88 trillion and revenue increase to Rp 10.52 trillion in 2017.

“We plan to expand our number of customers to 11.1 million this year. We are optimistic that we can achieve the target due to the improvement in the digital service and the expansion of our network,” said Sunarso in a statement issued on Thursday.

He said that currently, Pegadaian’s customers were mostly in the productive ages (under 45 years old). He did not mention the current number of customers.

Meanwhile, this year, the company targeted Rp 45.4 trillion in OSL and Rp 12.5 trillion in revenue.

“The company will perform well this year in line with the estimated economic growth of 5.4 percent,” he said, adding that the company also targeted Rp 2.7 trillion in profit, which is a growth of 7.14 percent, compared to last year's figure.

Sunaraso said this year the company would begin digitalization, revitalizing warehouses and logistics and improving services to the customers at each outlet. 

Meanwhile, this year business expansion includes increasing the number of agents, improving online service through a mobile app, diversifying products such as introducing interest-free pawn service and fintech-based service.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       March 16, 2018 
• PHL education system underperforms in East Asia Pacific Subcribe: Asean Affairs Global Magazine
• Pawnshop records Rp 2.5t in net profit in 2017 Subsribe Now !
• BOI a BOI approves 4 Toyota CARS suppliers
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Trade through Thai-Myanmar border gates increases
• Telkom sees 14.4% growth in net profit in 2017
Asean Analysis                 March 16,  2018
• Asean Analysis March 16, 2018
A Chinese Perspective on the RAND ADIZ Report: Technical Flaws Lead to Strategic Misunderstanding
Advertise Your Brand

Asean Stock Watch   March 16,  2018

• Asean Stock Watch-March 16, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com