Feb 4, 2011

Adira Finance FY10 revenue falls

PT Adira Dinamika Multi Finance Tbk today reported a 21.49% increase in net income at end of last year to Rp1.47 trillion from Rp1.21 trillion in the previous year.
In the financial statement published today, Adira's revenue slightly fell 1.27% to Rp3.89 trillion from Rp3.94 trillion.
However, Adira enabled to drag down expenses 13.97% to Rp1.97 trillion from Rp2.29 trillion, resulting higher net income.

Disclosure: No position at the stock mentioned above.

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