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Kresna Investama third quarter revenue skyrockets 585.5%

01 November 2018 04:25 PM  Company: PT. Kresna Graha Investama Tbk[KREN]
Rp. 580  +5 (0.87%)

JAKARTA - PT Kresna Graha Investama Tbk (KREN) posted revenue growth in 9M 2018 of 585.5% YoY to Rp 4.1 trillion. This achievement increased sharply compared to the same period last year of Rp 597.3 billion.

The main driver of revenue growth came from the technology and digital segments which increased 20-folds to Rp 3.6 trillion from Rp 181.9 billion at 9M 2017. Thus, Kresna Investama 9M net profit reached Rp 301.8 billion, surpassing the achievements during the full year 2017 as much as to Rp 291.1 billion.

KREN, working through its PT M Cash Integrasi Tbk (MCAS) digital distribution arm, has been aggressively expanding its reach and morphing its business strategy throughout 2018, to firmly set its position in the digital industry.

As of September 2018, MCAS successfully propagated its distribution points by 121.4% YoY, to a total of 43,853 from 19,804 in September 2017. Further, with PT Distribusi Voucher Nusantara Tbk (DIVA) came on board in 3Q18, KREN added its digital distribution points by 16,514, to a total of 65,369 in September 2018 from 19,804 in September 2017. (LM)

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PT. Kresna Graha Investama Tbk [KREN]   Rp. 580   +5 (0.87%)