KONTAN.CO.ID - JAKARTA. Multi-finance company PT Mandiri Tunas Finance (MTF) closed 2022 with positive financial performance. This is reflected in the company's profit record which has increased by up to 205% on an annual basis.

Based on the financial report published in KONTAN (25/1), MTF recorded profit for the year of IDR 750.2 billion. In the previous year, the profit recorded was only around IDR 245.9 billion.

The positive record made by Bank Mandiri's subsidiary was supported by total revenue which also increased. In the 2022 period, their income will increase by around 18.8% with a value of IDR 3.78 trillion.

On the other hand, the company's expenses have also shrunk so as to drive profit increases. The company's expenses will go from IDR 2.87 trillion in 2021 to around IDR 2.81 trillion.

Meanwhile, the company's assets also experienced an increase in the period ending December 31, 2022. The company recorded assets grew 26.81% to Rp 23.73 trillion.

This was also supported by the company's equity which experienced an increase. Equity from IDR 2.39 trillion to IDR 3.1 trillion a year later.