KONTAN.CO.ID - JAKARTA. PT Komatsu Astra Finance managed to record a profit for the year of US$ 10.36 million in 2023.

This value increased by 94.8% year on year (yoy) compared to 2022 which was US$ 5.33 million.

Based on the company's financial report, the profit obtained was supported by the company's performance, where Komatsu Astra Finance's revenue reached US$ 37.48 million in 2023. Komatsu Astra Finance's revenue rose 25.13% yoy compared to the previous year's US$ 29.95 million. .

Meanwhile, expenses did not increase significantly. The reason is that when in 2022 the company's expenses were US$ 23.09 million, then they only rose 4% on an annual basis to US$ 24.10 million.

Examining its financial reports further, the company's highest burden in 2023 will come from financial expenses, namely US$ 18.70 million.

This value increased 64.3% yoy from 2022 which amounted to US$ 11.38 million.

Meanwhile, the company's other comprehensive income throughout 2023 was US$ 10.31 million, growing 93% yoy compared to the previous year's US$ 5.33 million.

Furthermore, regarding assets, Komatsu Astra Finance showed positive growth from US$ 410.21 million in the 2022 period to US$ 471.99 million or an increase of 15% on an annual basis.