2017, Indonesia Commercial Kioson Has Profit of Rp2,938 Billion
By : Herry Barus And Aldo Bella Putra | Monday, April 16 2018 - 20:00 IWST

PT Kioson Komersial Indonesia Tbk (Foto Ridwan/INDUSTRY.co.id)
INDUSTRY.co.id - Jakarta - PT Kioson Komersial Indonesia Tbk (KIOS) managed to book a profit of Rp2, 939 billion (Rp10, 61 per share) in 2017. It happened after the implementation of PUPS Company in 2017 ago.
In 2016, the company's first e-commerce service provider of Online-to-Offline (O2O) in Indonesia suffered a loss of Rp11.294 billion (Rp903.494 per share).
The company's ability to achieve profit in 2017 is supported by a net sales increase of 4,306.92% to Rp1,130 trillion compared to the actual sales of the company in 2016, which only amounted to Rp25.643 billion.
Net sales of that amount was contributed by the digital products business valued at Rp1.095 trillion and the rest came from a combined business between e-commerce and others which reached Rp34, 120 billion.
In terms of assets, Kioson has increased its current assets in 2017 by 5,881.8% to Rp219 billion. The surge in asset value is supported by several strategies and business expansions implemented by Kioson in 2017. One of them is the company's precise management that acquired PT Narindo Solusi Komunikasi, a leading e-voucher aggregator, contributing 88% of consolidated revenue STALL.
"2017 is the year that Kioson has made since its operation in 2015. The reason we did some business maneuvers in 2017 was the acquisition and became the first startup in Indonesia to register the shares on the Indonesia Stock Exchange," said Jasin Halim, President Director of KIOS, in Jakarta, Monday (16/04/2018).
Jasin said that the company's performance improvement by the end of 2017 is the result of the business strategy since early 2017 and the management of the company is optimistic that it will inculcate a more positive performance in 2018 with a focus on business expansion and technological innovation.
"In 2017, the company focuses on expanding its business and market expansion evenly in the second and third layer areas in Indonesia. As of December 2017, the move resulted in 30,000 micro, small and medium enterprises (UMKM) owners and spread across Java and Sumatra and has established partnerships with Kioson. It shows an increase in KIOS partners up to 400% compared to 2016, "added Jasin. (Abraham Sihombing)
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…
News Comment