BEI posts 192.7-percent increase in net profit

Jakarta (ANTARA News) – The net profit of the Indonesian Stock Exchange (BEI) shot up 192.37 percent to Rp344.8 billion in 2016 from Rp118.78 billion in the previous year.

Chief Executive of BEI Tito Sulistio attributed the increase in net profit to 34.5 percent rise in its income to Rp1.42 trillion from Rp1.056 trillion in 2015.

Its operating cost in 2016 was Rp1.034 trillion, up 11.10 percent from the year before. Despite the increase in operating cost, BEI recorded larger operating income compared with in 2015.

“Its operating income rose 21.55 percent. It is obvious from the growing daily transaction averaging Rp7.49 trillion in 2016 from an average of Rp5.76 trillion in 2015,” Tito Sulistio said.

He said the policy of his management gave importance to effectiveness and efficiency in activities.

“It could be seen in the efficiency in the use of its office space. The office room is shared with its subsidiary and associations and the use of the Main Hall of BEI for any events organized by the BEI,” he cited.

He said the positive performance is expected to continue that “BEI could bring to reality its big dream of becoming the largest stock exchange in Southeast Asia in 2020.”

He said the role of stock exchange would become strategic in the program of equitable ownership and to improve the welfare of the people.

Source: Antara News