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Arkadia Digital Media provides discounts to gain more costumers

12 August 2020 07:24

JAKARTA. PT Arkadia Digital Media Tbk (DIGI) provided discounts for its service fee in order to gain more customers. The company's revenue had taken a considerable hit in the first half (1H) of 2020.

DIGI's management explained that the company has implemented a number of strategies to cope with the impact of COVID-19, from reducing operating expenses to seek alternative income sources, such as holding paid webinar programs. 

"[We] are trying to find new sources of funding to improve financial conditions (cash flow)," explained DIGI's management in its disclosure published on the Indonesia Stock Exchange (IDX) website.

Previously, DIGI has also reduced work shifts of almost all of its employees. In addition, the fee for overtime, transportation, entertainment and regional contributors are also reduced.

According to its financial report, DIGI suffered a loss of Rp 3.58 billion in 1H 2020. Meanwhile, in the same period last year, the company still managed to record a net profit of Rp.74.87 million. (KR/AR)

 
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