JAKARTA - Revenues of PT Distribusi Voucher Nusantara Tbk (DIVA) skyrocketed 138.7% yoy to Rp 3.6 trillion at the end of 2019. In the previous year, DIVA's revenue was recorded at Rp 1.5 trillion.
This increase in revenue was contributed by sales of digital products and services which grew 142% yoy from Rp 1.38 trillion in 2018 to Rp 3.35 trillion in 2019. In addition, sales of the tour and travel segment and digital financial services were recorded at Rp 187.81 billion and Rp 7.91 billion, respectively.
DIVA's cost of revenue in 2019 also increased to Rp 3.44 trillion and recorded a gross profit of Rp 102.67 billion. In 2019, the company also booked gain on other investment and interest income amounting to Rp 57.64 billion and Rp 14 billion, respectively.
As a result, DIVA successfully recorded a 850.6% profit growth from Rp 9.9 billion in 2018 to Rp 93.6 billion in 2019. The company's net profit margin also jumped from 0.7% to Rp 2.6%. (LM)