Pegadaian posts Rp 57b in profit

Pegadaian posts Rp 57b in profit

JAKARTA: Indonesia's state-owned pawnshop operator Perum Pegadaian boosted its net profit to Rp 57.95 billion (around US$6.2 million) in the first six months of the year from Rp 31.42 billion a year earlier, it said Monday.

The company added revenues rose to Rp 370.22 billion in the first six months of the year from Rp 250.70 billion a year earlier.

It added its equity rose to Rp 534.96 billion from Rp 452.18 billion, whereas total liabilities increased to Rp 1.79 trillion from Rp 1.38 trillion mostly because the company issued Rp 300 billion of bonds earlier this year.

Pegadaian bonds are among the most frequently traded in the local secondary bond market. -- Dow Jones