JAKARTA - PT M Cash Integration Tbk (MCAS)'s revenue by the end of 2019 was recorded at Rp 11.1 trillion, up 74.4% compared to the previous year's achievement of Rp 6.35 trillion.
Based on the MCAS financial report ending on December 31, 2019, the contribution to the increase in revenue came from the digital product aggregator segment which soared 148.1% from Rp 2.45 trillion in 2018 to Rp 2.45 trillion in 2019. Contributions from the digital product segment also rose from Rp 3.86 trillion to Rp 4.92 trillion.
MCAS’ cost of revenue in 2019 was recorded to increase to Rp 10.83 trillion compared to the previous year of Rp 6.18 trillion. Then, the company's operating expenses also rose to Rp 110.87 billion. Thus, the company's operating profit was Rp 144.05 billion.
Total other income in 2019 reached Rp 102.42 billion or lower compared to the previous year of Rp 185.72 billion. This is driven by the decline in gain on other investment and rising interest expenses. As a result, the company's net profit was recorded at Rp 152.34 billion, down 33.11% compared to the achievements in the previous year of Rp 227.79 billion. (LM)