JAKARTA (Yosefardi) – PT Wahana Ottomitra Multiartha Tbk (WOMF) intends to expand its financing into cars from current motorcycles.
Zacharia Susantadiredja, finance director of WOMF, said the company will only re-finance cars, instead of providing new financing or loan.
He said WOMF targets the re-financing of cars to contributed 5-10% to the company’s revenues by 2015. WOMF also plans to issue bonds worth Rp1 trillion next year, rescheduled from fourth quarter of this year.
The company targets to book financing of Rp6 trillion next year, a 8.3% rise compared to Rp5.5 trillion targeted for this year.
WOMF booked net profit of Rp44.69 billion in first nine months of this year, compared to loss Rp45.68 billion in the same period of last year.
Revenue totaled Rp1.18 trillion while total expenses reached Rp1.12 trillion. Its assets totaled Rp3.98 trillion while liability amounted Rp3.49 trillion.