Emtek's Net Profit Soars 3,000% in Q1 2022, Driven by Bukalapak Investment

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Vika Azkiya Dihni 06/07/2022 14:10 WIB

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PT Elang Mahkota Teknologi Tbk (EMTK), or Emtek, reported a net profit of Rp4.07 trillion in Q1 2022. This achievement surged by 3,893% compared to the same period the previous year.

Revenue and Net Profit of PT Elang Mahkota Teknologi Tbk (EMTK) or Emtek (Q1 2021-Q1 2022)

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Revenue and Net Profit of PT Elang Mahkota Teknologi Tbk (EMTK) or Emtek (Q1 2021-Q1 2022)

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PT Elang Mahkota Teknologi Tbk (EMTK), or Emtek, reported a net profit of Rp4.07 trillion in Q1 2022. This represents a surge of 3,893% compared to the same period last year, which stood at Rp102 billion.

"The largest increase in net profit came from other income, which is the result of profit sharing (share of profit) from Bukalapak as an associated entity," Emtek wrote in its report.

Net profit per share for the company, with the stock code EMTK, also increased by 3,531.9% to Rp67.19 per share in Q1 2022, compared to Rp1.85 per share in the same period last year.

According to its financial report, Emtek also achieved net revenue of Rp3.3 trillion in the first three months of this year. This revenue increased by 8% from the same period last year, which was Rp3.1 trillion.

The growth of Emtek's group revenue was supported by an 18% increase from the health segment. In Q1 2021, revenue from this segment was only Rp454 billion, increasing to Rp584 billion in Q1 2022.

The largest revenue contribution came from the media segment, at Rp1.53 trillion or 46% of the company's total revenue in Q1 2022. This figure increased by 9% from Q1 2021, which was Rp1.4 trillion.

(Also Read: Net Profit of Surya Citra Media Grew by 17% in 2021)

Editor : Annissa Mutia

"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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Emtek's Net Profit Soars 3,000% in Q1 2022, Driven by Bukalapak Investment

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