JAKARTA. PT Yelooo Integra Datanet Tbk (YELO) posted IDR 4.76 billion of net profit in the first quarter of 2023, proliferating 152.19% year-on-year (yoy).

YELO’s net profit surge in Q1 2023 aligned with the company’s revenue of IDR 327.83 billion, which grew 187.99% yoy.

According to the recently released financial report, most of YELO’s revenue in Q1 2023 came from phone credit vouchers sales, bringing IDR 324.19 billion to the total revenue. Then, the internet quota and modem revenue clocked up to IDR 2.14 billion, followed by the internet network of IDR 1.31 billion, PPOB products’ sales of IDR 188.77 million, and other products’ sales of IDR 916 thousand.

For the record, YELO’s revenue in Q1 2022 was stuck at IDR 113.83 billion, bringing the net profit to only IDR 1.84 billion.

According to IDNFinancials data, YELO has just recently raised the capital with pre-emptive rights, or rights issue, late last year. In said corporate action, the company gained IDR 1.52 trillion of fresh funds, which are said to be allocated to the company’s subsidiaries as capital investment for its operational needs. (KR/ZH)