JAKARTA, August 3, 2023 - PT Cashlez Worldwide Indonesia Tbk (the "Company") managed to record a revenue increase of 140% in the first semester of 2023 compared to revenue in the first semester of 2022. This is reflected in the Consolidated Financial Statements for the six-month period which ended on 30 June 2023 which was reported to the Financial Services Authority and the Indonesia Stock Exchange at the end of last July.

 

In the first semester of 2023 the Company managed to record consolidated revenue of IDR 101.64 billion, an increase from IDR 42.98 billion in the same period in the previous year or has reached 51% of the Company’s year-end revenue target. However, the cost of revenue also increased quite sharply to IDR 85.04 billion compared to IDR 31.71 billion in the same period in the previous year.

 

Meanwhile the Company succeeded in reducing general and administrative expenses by 16.45%, which was originally IDR 23.78 billion to IDR 20.42 billion on June 30 2023, so that the Company’s loss for the year could be reduced to IDR 5.88 billion compared to a loss of IDR 9.64 billion year-on-year. yearly (yoy).

 


The company recorded total liabilities of Rp. 100.02 billion for the period June 30, 2023, up from a total liability of Rp. 48.9 billion for the period December 31, 2022. The increase in the Company’s liabilities was influenced by the Company’s trade payables, which increased to Rp. 40.32 billion compared to the Company’s trade payables. of IDR 22.61 billion on December 31, 2022.

 

On the asset side, the Company managed to record an increase in assets to IDR 278.68 billion from IDR 225.48 billion, an increase of 22.79% compared to the period December 31, 2022.

 

"We are optimistic that entering the economic recovery period after the Covid 19 pandemic will have a positive effect on the Company’s future performance, and the Company will continue to focus on increasing the number of merchants by strengthening the sales force which will help the Company to achieve the target of adding 10,000 new merchants by the end of this year so that the target the income that has been planned by the Company can be achieved, namely IDR 200 billion on a consolidated basis.” said Mr. Irianto Kusumadjaja, President Director of the Company.

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