Aug 6, 2010

WOM Finance 1H net profit soars

PT Wahana Ottomitra Multiartha Tbk (WOM Finance) today reports a 695.52% jump in net profit on the back of soaring administration revenue.
In the financial statement published today, WOM Finance posted Rp85.20 billion or Rp43 per share of net profit in the first half this year from a year earlier of Rp10.71 billion or Rp5 per share.
Revenue rose 4.17% from Rp680.50 billion in the first half last year to Rp708.85 billion in the first half this year. But, operating expenses fell 10.48% from Rp666.04 billion in the first half last year to Rp590.86 billion.
  
Disclosure: No position at the stock mentioned above. 

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