Fuji Finance Indonesia Reports Decrease in Net Income for 2022

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- PT Fuji Finance Indonesia Tbk (FUJI) reported a 9.64 percent decrease in net income for the year 2022, amounting to Rp8.31 billion compared to Rp9.20 billion in 2021 (year on year/yoy).

The decline in net income was caused by operating expenses exceeding the company's revenue percentage. FUJI's revenue for the previous year amounted to Rp18.76 billion, an increase of 19.68 percent yoy from Rp15.87 billion.

Meanwhile, operating expenses increased by 83.88 percent yoy from Rp4.57 billion to Rp8.41 billion. The company's comprehensive income for the year was Rp7.99 billion, a decrease of 13.44 percent yoy from the previous year's Rp9.23 billion.

As of the end of 2022, the company's cash and cash equivalents stood at Rp117.22 billion, an increase of 65.35 percent yoy from Rp70.89 billion.

Regarding the company's assets as of December 31st, 2022, it amounted to Rp162.86 billion, an increase of 5.95 percent yoy from Rp153.71 billion in 2021. The company's assets were formed from liabilities of Rp5.45 billion and equity of Rp157.41 billion.

Despite the decline in net income, the company's growth in assets and cash and cash equivalents signals potential for future growth and stability. FUJI remains committed to providing reliable financial services to its customers and shareholders.

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