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Kresna Graha Investama posts 61% revenue growth in 2019

25 June 2020 11:14

JAKARTA - PT Kresna Graha Investama Tbk (KREN) recorded a revenue increase of 61% year on year (yoy) to Rp 11.6 trillion in 2019 from Rp 7.2 trillion in 2018.

According to an official statement received by IDNFinancials.com on Wednesday (24/6), the digital technology segment contributed 95.5% of the company’s total revenue in 2019, up from 88.2% in 2018.

In 2019, revenue from the digital technology segment grew 74.4% yoy to Rp 11.1 trillion from Rp 6.4 trillion in 2018. As a result, operational income from the segment surged 48.8% yoy to Rp 144.1 billion from Rp 96.8 billion in 2018.

Throughout last year, KREN increased the number of its digital distribution channels by 111% yoy from 76,000 points to 160,000 across Indonesia. The expansion was done through three core strategies: digital ecosystem enrichment, distribution network empowerment, and ecosystem amplification through natural-use cases. (MS)

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