JAKARTA. PT Era Digital Media Tbk (AWAN) has channelled extra capital worth IDR 57.57 billion to one of its subsidiaries, PT Era Awan Digital (Eranyacloud).

This capital investment is granted in regard to the capital increase of Eranyacloud to IDR 68.57 billion from the initial IDR 30 billion. Meanwhile, Eranyacloud’s issued and paid-up capital will also proliferate to IDR 68.57 billion from the previous IDR 11 billion.

Resti Meidianti, Corporate Secretary of AWAN, said that this capital investment will be utilised by Eranyacloud to promote server expansion. “It aims to increase the server capacity and will be utilised for developing several new products to be launched in 2023,” she explained further.

According to IDNFinancials data, Eranyacloud was established in June 2020 and is now located in Jakarta. As of June 30, 2023, total assets of Eranyacloud before elimination clocked up to IDR 63.76 billion.

In the first half of 2023, Eranyacloud’s revenue reportedly reached IDR 11.81 billion. Data storage and processing business covered IDR 5.28 billion of total consolidated revenue recorded in H1 2023. (KR/ZH)