NUSA DUA. Government owned credit guarantee company Perum Jaminan Kredit Indonesia (Jamkrindo) reported Rp468.8 billion in net profit in the first nine months of the year or down slightly by 0.5 percent from Rp471.4 billion in the same period last year.

A company director Bakti Prasetyo attributed the decline to falling income from the sector of people's business credit.

In addition to fee from credit guarantee , Jamkrindo earns income from investment and other business activities, Bakti said in an international seminar on financial guarantee here on Monday.

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In its financial report by September 2015, fee from guarantee service in the third quarter of this year fell 19.6 percent to Rp831.4 billion from Rp922.5 billion in the same period last year.

Comprehensive profit in the first nine months of 2015 totaled Rp176.9 billion.

Despite the decline in profit the company recorded an increase in asee4ts reaching Rp10.39 trillion by September, 2015 up 3.69 percent from Rp10.02 trillion by the end of 2014. ' "Its equity was valued at Rp8.40 trillion or almost unchanged from Rp8.41 trillion ," he said.