State-owned pawnshop set to chalk up $70M in net profit
State-owned pawnshop Perum Pegadaian said it is optimistic to chalk up around Rp650 billion ($70 million) in net profit this year, Asia Pulse reported.
Pawnshop service is more popular and higher in demand at present under difficult economic condition, its president Chandra Purnama said, without giving figures for last year.
The prevailing economic conditions open greater opportunity for Perum Pegadaian to cope with the financial difficulties faced by the people, Purnama said.
He said the company will expand its outlets all over the country from 1,100 units at present.
Pawnshop service is more popular and higher in demand at present under difficult economic condition, its president Chandra Purnama said, without giving figures for last year.
The prevailing economic conditions open greater opportunity for Perum Pegadaian to cope with the financial difficulties faced by the people, Purnama said.
He said the company will expand its outlets all over the country from 1,100 units at present.