RUNS - PT. Global Sukses Solusi Tbk

Rp 58

-2 (-3,33%)

JAKARTA. PT Global Sukses Solusi Tbk (RUNS), more popularly known as RUN System, booked impressive achievement in 2022, recording 534% year-on-year (yoy) surge in its revenue. This revenue proliferation managed to boost net profit growth, reaching 132% yoy.

According to the management’s explanation during the online Annual Public Expose of RUNS today (14/4), RUNS’s revenue drastically rose from IDR 4.93 billion in 2021 to IDR 31.29 billion in 2022. Despite this magnificent increase, it still managed to curb down its expenses, thus resulting in 1,787% yoy growth in its gross profit. It went over 20 times higher, from IDR 1.38 billion to IDR 26.1 billion.

With this massive jump in gross profit, RUNS managed to turn the situation around, recovering from the loss it faced in 2021. The improvement in 2022 allows RUNS to reach a net profit of IDR 3.44 billion from the initial loss of IDR 10.9 billion seen in 2021.

As the provider of B2B digital integration service or Enterprise Resource Planning (ERP) provider, RUNS also recorded Gross Transaction Value (GTV) of IDR 24.9 trillion in 2022, shifting 117% yoy higher from IDR 11.5 trillion in 2021. This transaction number was recorded from all of its product lines, consisting of RUN System ERP (medium-to-large business), R1 ERP (small-to-medium business), Run Market (end-to-end procurement system), iKas (micro-to-small business), and ECampuz (ERP designed for universities). (ZH)