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View all search resultsPegadaian aims for 18% increase in revenue
State-owned pawn shop PT Pegadaian is aiming to increase its revenue by 18
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tate-owned pawn shop PT Pegadaian is aiming to increase its revenue by 18.6 percent to Rp 8.3 trillion (US$658.2 million) this year from Rp 7 trillion last year, driven by a forecast growing number of customers.
Pegadaian president director Suwhono said on Monday that he estimated Pegadaian's customers would hit 43 million this year, a 15-percent increase from its number of customers last year.
'We are upbeat that by carrying out lucky-draw programs four times this year, we will have more customers,' he said, adding that his firm previously carried out the program only twice a year.
With higher revenue, Pegadaian also aimed to see a 9.37-percent increase in its net profits to Rp 1.75 trillion this year from Rp 1.6 trillion last year, he went on.
Suwhono said that his firm would also develop a multi-payment service to help diversify the company's revenue sources.
The multi-payment service, which enables the public to pay electricity, water and phone bills through Pegadaian, currently accounts for a small portion of the firm's total revenue.
The pawn business makes up between 80 and 90 percent of the firm's total revenue. However, pawn transactions dropped by Rp 100 billion or 3 percent during Christmas and Idul Fitri holidays last year compared to the same periods in 2013. (***)
