Jakarta –
PT Bukalapak.com Tbk (BUKA) recorded good performance growth during the first quarter of 2022. BUKA posted a net income of Rp 787.91 billion in the first quarter of 2022, an increase of 85.95% year on year (yoy) from the previous Rp 423.70 billion.
In detail, the partner business segment was the main driver of this growth with an increase in revenue of 226.84% yoy, from Rp 144.35 billion to Rp 471.82 billion in the first quarter of 2022.
The second driver was the marketplace business segment which grew 9.38% yoy, from Rp 254.66 billion to Rp 278.55 billion. Next, the non-procurement business segment contributed Rp 37.53 billion or grew by 52.05% from the first quarter of 2021 with a value of Rp 24.68 billion.
At the same time, OPEN pocketed profit from the investment value that has not been and has been realized amounting to Rp 15.49 trillion. This achievement increased from the same period in the previous year which only reached Rp. 297.93 million.
In line with that, BUKA’s cost of revenue increased to Rp 509.52 billion from the previous Rp 77.09 billion. Selling and marketing expenses fell to Rp 328.71 billion from Rp 426.39 billion. Meanwhile, general and administrative expenses swelled to Rp 1.02 trillion from Rp 291.32 billion as of March 2021.
In this way, this technology issuer posted an increase in profit for the year attributable to owners of the parent company of Rp. 14.54 trillion.
This means, BUKA reversed its net loss position in the quarter-2021 from a position of Rp 323.80 billion to net profit. “Especially due to the return on investment value from PT Allo Bank Tbk,” explained Bukalapak management in a press release, Thursday (28/4/2022).
As is known, Bukalapak is one of Allo Bank’s strategic investors. Last January, Bukalapak bought 2.49 billion shares of Allo Bank at a price of Rp 478 or Rp 1.19 trillion by taking over part of the rights from Mega Corpora as the owner of 90 percent of the digital bank’s shares.
Mega Corpora presses the agreement to transfer the rights of 2.49 billion rights in the rights issue to Bukalapak on December 24, 2021. After the rights issue was completed, Bukalapak held 11.49% of BBHI’s shares.
As for the total assets OPEN as of March 2022, it reached Rp 39.92 trillion, an increase of about 50 percent from last year’s March asset position of Rp 26.61 trillion. Meanwhile, BUKA’s liabilities decreased from 42.30% from Rp 3.11 trillion to Rp 1.8 trillion.
See also the video ‘CT Invites to Join Allo Bank: Investors Can Sleep Well!’:
(fdl / fdl)
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