JAKARTA (Indonesia Today) – Motorcycles financing firm PT Federal International Finance (FIF), a unit of Astra Group, targets to book net profit of Rp1.2 trillion this year, a 6.2% growth compared to Rp1.13 trillion in 2012.
Suhartono, president director of FIF, said fast-growing motorcycle sales and high domestic economic growth would be the main supports for FIF’s profit growth.
He also noted downpayment increase to minimum 20% since mid of 2012 (previous 10%) has no significant impact on motorcycle financing as demand for motorcycle continues to increase.
FIF booked financing of Rp18 trillion in 2012, consisting of financing for new motorcycle Rp14.12 trillion, used motorcycle Rp2.7 trillion, and electronic Rp1.26 trillion. The company booked net profit of Rp1.13 trillion last year with assets of Rp19.13 trillion. (hans@theindonesiatoday.com)