Widened Loss of GoTo in First Half

GoTo Gojek Tokopedia (GOTO), the largest digital ecosystem in Indonesia, suffered loss attributable to owners of Rp13.64 trillion in the first half (H1) of 2022, widened from Rp6.28 trillion in the corresponding period of 2021. Actually revenue jumped 79% year on year to Rp3.39 trillion, but cost of revenues also jumped 65.8% y/y to Rp2.47 trillion.To subscribe please click here