JAKARTA - PT Cashlez Worldwide Indonesia Tbk (CASH), posted a consolidated net revenue of IDR58.8 billion in the first semester of 2021. This realization grew by 298.5% or almost 3 folds compared to the same period last year, which was IDR14.7 billion.
The increase in net revenue was accompanied by a 108% growth in gross profit or gross profit to IDR17.9 billion. President Director of Cashlez, Suwandi said, the positive growth was supported by several Company strategies ranging from collaboration, transformation and technological innovation to optimizing products and services.
"During this pandemic, Micro, Small and Medium Enterprises (MSMEs) are one of the sectors that have been significantly affected, but on the positive side there is an acceleration in the use of digital technology by MSMEs in penetrating the digital market in Indonesia,” he added.
Until the end of June 2021, there were 13.6% of new merchants joining Cashlez, who came from various segments, including Pasar Bersih Sentul City, Etalase Pasar Baru Bandung, Brown & Spirits and Pass Swab.
The Company's total assets until the end of June 2021 reached IDR165.34 billion, with total liabilities of IDR57.1 billion, while the Company's Equity was at the level of IDR108.28 billion. The Company will continue to strive to maintain an optimal capital structure in order to support sustainable business growth. (LM)