Amidst concerns about slowing consumer purchasing power, Bank BRI still managed to record a 10 percent increase in profit to Rp 13.4 trillion during the first half of 2017 compared to the same period the previous year. The growth in credit and the maintenance of good credit asset quality enabled this bank (BBRI) to maintain its lead in profit among Indonesia Stock Exchange (IDX) listed companies.
The second-largest profit in the first half of this year belonged to PT Telekomunikasi Indonesia (TLKM), at Rp 12.1 trillion, a 22 percent increase from the previous year. In third place was Bank BCA (BBCA), with a profit of Rp 10.53 trillion, also showing a 10 percent increase from the first half of the previous year.
Banks still dominated the highest profit earners among companies listed on the Jakarta Stock Exchange. Of the 10 companies with the highest profits, four were banks: BBRI, BBCA, Bank Mandiri, and Bank BNI. All of the highest-profit companies recorded growth, except for HM Sampoerna.
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