JAKARTA (Yosefardi) – Retail ICT company PT Global Teleshop Tbk (GLOB) booked net profit of Rp28.8 billion in first quarter of this year, dropped 40% from Rp47.64 billion in the same period of last year.
Net revenues grew by 41% to Rp1.16 trillion from previous Rp818.1 billion but cost of revenues also rose 44.4% to Rp1.04 trillion compared to earlier Rp722.82 billion.
Revenues from voucher and card reached Rp565.25 billion while revenue from cellular phones was Rp560.5 billion.
GLOB’s assets increased 19.7% to Rp1.78 trillion while liability rose 26% to Rp1.28 trillion.