JAKARTA (Yosefardi) – Insurance company PT Maskapai Reasuransi Indonesia Tbk (MREI) posted net profit of Rp104 billion in 2014, declined 10.1% from Rp116 billion in 2013. Net profit margin was 18.6%, compared to 17.7% in 2013.
Revenues fell 14.2% to Rp561 billion from previous Rp654 billion. Operating profit declined 16.6% to Rp107 billion from Rp128 billion in 2013.
Its assets also fell 13.6% to Rp1.08 trillion and liability declined 9.4% to Rp673 billion. (rully@yosefardi.biz)