PT GoTo Gojek Tokopedia Reports Reduced Second-Quarter Loss

Indonesia's largest tech firm, PT GoTo Gojek Tokopedia Tbk, announced a second-quarter underlying loss of 70 billion rupiah, a decrease from the previous quarter's 139 billion rupiah loss. The company also saw a 3% increase in net revenue, reaching 3.66 trillion rupiah.

Indonesia's largest tech firm, PT GoTo Gojek Tokopedia Tbk, reported a second-quarter underlying loss of 70 billion rupiah ($4.30 million) on Tuesday, a significant improvement from the previous quarter's 139 billion rupiah loss.

The company also noted a 3% rise in net revenue, which climbed to 3.66 trillion rupiah. This indicates a positive trend despite the ongoing challenges.

At the current exchange rate, one U.S. dollar equals 16,295 rupiah.