JAKARTA – Although the revenue was slightly bumped 5% year-on-year (yoy) in Q1 2024, PT Distribusi Voucher Nusantara Tbk’s (DIVA) current year’s net loss severely worsened by dozens to minus IDR 168.25 billion.

Stanley Tjiandra, Director of DIVA, claimed that this grave loss was mostly generated through unrealised loss from investment activities. Said loss reached IDR 171.04 billion in Q1 2024, worsening 22 times from minus IDR 7.6 billion seem in the same period last year.

Responding to this, the company has turned realistic. “Our target is to achieve positive operating profit in 2024,” added Tjiandra, “thus we are still able to be a profitable company.”

According to Financial Report of Q1 2024, DIVA’s sales indeed shifted up to IDR 1 trillion. However, its costs and expenses took a toll on the revenue, resulting in operating profit that dropped 63.2% yoy to only IDR 6.67 billion

This year, DIVA only sets up capital expenditure (capex) of IDR 10-12 billion, 80% of which has been utilised as of today (20/6). “It is primarily used to increase capital in our subsidiaries,” added Tjiandra.

In addition, DIVA remains confident with its intention to invest, despite the discouraging prospect. “We are not looking for capital gain, but instead a strategic partnership, so that there is a good synergetic value,” said Tjiandra.

DIVA has currently promoted its end-to-end digital ecosystem that combines all systems owned by its investees; covering services of micro logistics, digital advertising, and electric vehicle (EV) utilisation, which could be used by MSMEs.

“Our SME partners have reached 59,936 until Q1 2024,” Tjiandra mentioned at Annual Public Expose 2024 of DIVA today (20/6). (ZH)