JAKARTA - PT Surya Semesta Internusa Tbk (SSIA) acquired a 25.1% year-on-year (yoy) increase in its revenue in the first quarter of 2023, further resulting in smaller loss compared to the same period last year.

Erlin Budiman, VP Head of Investor Relations of Surya Semesta Internusa, said that the revenue was recorded at IDR 959 billion in Q1 2023, shifting from IDR 650.9 billion seen in Q1 2022. The contribution to the revenue was dominated by the construction segment of IDR 650.9 billion, while the hospitality segment generated IDR 182.1 billion, and the property segment brought in IDR 128.3 billion.

In Q1 2022, the property segment only brought in IDR 84.6 billion of revenue, followed by the construction segment of IDR 628.4 billion, the hospitality segment of IDR 62.1 billion, and others of IDR 200 million.

The gross profit was seen arriving at IDR 228.3 billion, increasing 98.3% yoy from IDR 115.2 billion in Q1 2022. Its comprehensive loss was only IDR 9.3 billion, improving from a loss of IDR 76 billion observed in Q1 2022. (LK/ZH)