JAKARTA - PT Topindo Solusi Komunika Tbk (TOSK)  is targeting 30% net profit growth at the end of this year. In 2023, the company reported net profit of IDR 5.4 billion.

In the press release quoted Thursday (8/8), Seiko Manito, President Director of TOSK, mentioned that the profit target is made based on the record of 27 million micro, small, and medium enterprise (MSME) players adopting digital means as of December 2023.

“MSME owners are the primary target market of Topindoku,” Manito added.

According to Manito, the company is optimistic about the existing project. As of now, Topindoku continues to innovate, promoting mational growth through MSME sectors.

In the first half (H1) of 2024, TOSK booked revenue of IDR 1.20 trillion, up from IDR 1.16 trillion seen in H1 2023. As a result, gross profit also grew from IDR 13.06 billion to IDR 18.21 billion, further driving operating profit to IDR 3.65 billion from operating loss recorded in H1 2023 of IDR 540.80 million.

The contribution of sales came from digital products, generating IDR 1.19 trillion, while fast-moving consumer goods’ sales contributed to IDR 9.8 billion. (LK/ZH)