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Envy posted an increase of 79.55% in profit

28 February 2020 05:57

JAKARTA - PT Envy Technologies Indonesia Tbk (ENVY) posted current year profit of Rp 5.61 billion in 2019, up 79.55% compared to the same period in 2018, profit of Rp 3.12 billion. Earnings growth is due to an increase in income from year to year.

Quoted from the Financial Report as of December 31, 2019, ENVY recorded revenues of Rp 121.41 billion, growing 146.86% compared to the same period in 2018, amounting to Rp.49.18 billion. The biggest contributor to the increase in revenue came from information systems integration amounting to Rp 80.85 billion and telecommunications integration systems totaling Rp 39.90 billion, while information technology security services were valued at Rp 567.46 million. In the same period last year, the informatics integration system contributed Rp 38.85 billion in revenue, a telecommunications integration system valued at Rp 9.28 billion, and information technology security services totaling Rp 1.03 billion.

The customers that exceed 10% of the total revenue are from Goldust Limited, Malaysia (Rp 47.12 billion), PT Dinamika Utama Jaya (IDR 19 billion), PT Teknoglobal Multi System Integration (Rp 14.72 billion), and PT Triview Geospital Mandiri (Rp 26.74 billion). (LK)

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