Blibli's Revenue Increases in the First Half of 2023, Losses Narrow

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Adi Ahdiat 03/08/2023 16:40 WIB

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Blibli's parent company, PT Global Digital Niaga Tbk, saw a 15.8% year-on-year (yoy) increase in revenue to Rp7.77 trillion in the first half of 2023. Concurrently, its losses narrowed.

Blibli's Income Statement for Semester I (2022-2023)

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Blibli's Income Statement for Semester I (2022-2023)

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Blibli's operator, PT Global Digital Niaga Tbk, achieved a net revenue of Rp7.77 trillion in the first half of 2023, a 15.8% increase year-on-year (YoY).

Concurrently, the losses of the company, with stock code BELI, decreased by 29.7% (YoY) to Rp1.74 trillion.

As of the end of June 2023, Blibli recorded total assets of Rp13.02 trillion, a significant decrease compared to the end of 2022, when its assets were Rp14.07 trillion.

Blibli's assets at the end of June 2023 consisted of current assets worth Rp6.06 trillion and non-current assets worth Rp6.95 trillion.

Its current assets were dominated by cash and cash equivalents (Rp1.9 trillion), while the majority of its non-current assets consisted of goodwill (Rp2.46 trillion).

Throughout the first half of the year, the number of visits to the Blibli website showed an upward trend.

According to SimilarWeb data, in Q1 2023, the Blibli website received an average of 25.4 million visits per month. This increased to an average of 27.1 million visits per month in Q2.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Blibli's Revenue Increases in the First Half of 2023, Losses Narrow

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