JAKARTA (Yosefardi) – Motorcycle distributor and financing PT Mitra Pinasthika Mustika Tbk (MPMX) posted net profit of Rp487.1 billion in 2014, declined 7.4% from Rp526.4 billion in 2013. Earning per share (EPS) was Rp112.
Revenue rose 15.8% to US$16.07 trillion from previous Rp13.87 trillion. Sales of two and four-wheel vehicles including spare parts reached Rp12.14 trillion, a 20% growth compared to Rp10.5 trillion in 2013.
But cost of goods sold also increased 16.6% to Rp13.76% from earlier Rp11.85 trillion. Operating profit declined 3.7% to Rp867.9 billion from Rp901.02 billion in 2013.
MPMX’s assets reached Rp13.95 trillion while liability amounted Rp8.69 trillion. It has cash and cash equivalent of Rp1.42 trillion.