Indonesia's GoTo narrows quarterly underlying loss

Quick Summary:

JAKARTA :Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk reported a second-quarter underlying loss of 70 billion rupiah ($4.3 million), down from 139 billion rupiah in the previous three months as cost-cutting efforts take effect.

Its 2024 outlook includes increasing the number of users of its on-demand and fintech services.

"As such, we believe we are on the right track to continue growing while remaining committed to our profitability goals," he said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Rupiah E-commerce Loss Tech Jakarta Biggest Unit Indonesia Company Goto Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 18:07:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 287 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21854581

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions