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Surge first half net profit skyrockets 541%

05 August 2021 16:38

JAKARTA - PT Solusi Sinergi Digital Tbk. (WIFI) or Surge managed to record positive growth in the midst of the challenges of the pandemic wave by recording a net profit of IDR 18 billion as stated in the company's unaudited consolidated financial statements as of June 30, 2021. This profit increased 541 percent compared to the same period last year (YoY).

Based on the same report, Surge's net revenue recorded a growth of up to 684.4 percent or IDR200.2 billion compared to the same period last year (YoY). The value of this income also increased by 321.6% from the position of December 31, 2020.

In addition, Surge also enjoyed an increase in total assets to IDR534 billion where previously the Company's assets were recorded at IDR510 billion at the end of December 2020. This achievement cannot be separated from the encouragement of the synergy of Surge's business ecosystem in presenting comprehensive solutions for business partners, MSME business players, to direct service to end users.

CEO of Surge, Hermansjah Haryono said “As a digital infrastructure connectivity company, we focus on bringing new innovations to help improve people's quality of life through technology. Gradually, we continue to strengthen Surge's digital infrastructure network to reach a wider community through three business pillars, namely daily needs, media and entertainment (media & entertainment) and infrastructure network through connectivity."

Since being listed on the stock exchange at the end of 2020, Surge has continued to show positive and promising business growth. The Company is also actively collaborating with various parties to support digital transformation in Indonesia through a number of innovations. (LM)

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