Bukalapak Aims Curbing Losses to IDR 1.4T This Year
Translator
Ririe Ranggasari
Editor
Mahinda Arkyasa
Rabu, 29 Juni 2022 18:15 WIB
TEMPO.CO, Jakarta - Bukalapak.com (IDX: BUKA) is targeting to cut losses down to IDR 1.4 trillion this year. In 2021, Bukalapak recorded a net loss of IDR 1.67 trillion, a 24.6 percent increase from the year before.
BUKA's loss was the result of developing new features with high revenues.
Bukalapak director Teddy Oetomo said in a virtual press conference on Wednesday, June 29, that the new features being developed require funding. He said the company's performance is still on track.
"Looking at the year-to-date progress, if the company manages to get the same amount of monthly EBITDA in June-December with that in May, there is a chance [the loss] could be below Rp1.4 trillion," he said.
Teddy ensured that BUKA has entered the next phase; no longer working to improve performance through efficiency, marketing, subsidies, and others, but "how to continue to grow revenue."
He said that BUKA's revenue increase was seen in Q1/2022, with a total processing value (TPV) growth of 25 percent (yoy). In Q1, the company's revenue grew 86 percent.
MUHAMMAD HENDARTYO
Click here to get the latest news updates from Tempo in Google News
