Malacca Trust Pte. Ltd. provides various financial services to retail and institutional customers primarily in Indonesia. The company primarily finances pre-owned passenger cars and commercial vehicles; and offers asset management services, including mutual fund management, sales and marketing, compliance and risk management, investment operation, portfolio management, and product development. It also provides securities brokerage services; and vehicle, accident and health, property, travel, marine and cargo, casualty, and engineering insurance products. The company was incorporated in 2007 and is based in Singapore.
1 Scotts Road No. 20-02
Founded in 2007
Malacca Trust Ltd. Announces Unaudited Group Earnings Results for the Quarter and Year Ended December 31, 2013
Feb 11 14
Malacca Trust Ltd. announced unaudited group earnings results for the quarter and year ended December 31, 2013. Net interest income was IDR 23,429,329,000 against IDR 19,894,141,000 a year ago. Net premiums income was IDR 5,519,143,000 against IDR 2,489,125,000 a year ago. Total operating income was IDR 63,963,296,000 against IDR 63,958,362,000 a year ago. Profit before income tax income was IDR 15,330,569,000 against IDR 18,233,102,000 a year ago. Profit for the period attributable to owners of the parent was IDR 8,336,239,000 against IDR 14,218,307,000 a year ago. Net cash used in operating activities was IDR 54,608,591,000 against net cash from operating activities of IDR 34,552,854,000 a year ago. Purchases of plant and equipment were IDR 5,333,534,000 against IDR 2,778,468,000 a year ago. Basic and diluted earnings per ordinary share was 2,402.3 cents against 4,097.3 cents a year ago
For the year, net interest income was IDR 97,641,768,000 against IDR 83,899,040,000 a year ago. Net premiums income was IDR 17,285,577,000 against IDR 5,500,607,000 a year ago. Total operating income was IDR 260,082,674,000 against IDR 229,720,414,000 a year ago. Profit before income tax income was IDR 67,163,394,000 against IDR 53,392,351,000 a year ago. Profit for the period attributable to owners of the parent was IDR 40,344,231,000 against IDR 35,497,106,000 a year ago. Net cash used in operating activities was IDR 246,827,227,000 against IDR 94,244,611,000 a year ago. Purchases of plant and equipment were IDR 14,606,329,000 against IDR 20,742,763,000 a year ago. Basic and diluted earnings per ordinary share were 11,626.1 cents against 10,229.3 cents a year ago. Total interest income increased by IDR 39.6 billion from IDR 121.1 billion in 2012 to IDR 160.8 billion in 2013. The increase was mainly attributable to the increase in consumer financing and finance lease income from PT Batavia Prosperindo Finance Tbk (BPF) which amounted to IDR 40.5 billion due to an increase in the number of customer bookings in 2013. Net premiums income was contributed by PT Malacca Trust Wuwungan Insurance (MTI) and increased by IDR 11.8 billion in 2013 as compared to 2012 due to the growth in the average number of customers and transaction volume in 2013. The net cash outflows from changes in working capital were mainly due to an increase in trade and other receivables of IDR 264.6 billion, a decrease in trade and other payables of IDR 48.3 billion and an increase in prepayments of IDR 1.7 billion.