JAKARTA – Debuting on Indonesia Stock Exchange (IDX) last Wednesday (7/8), PT Global Sukses Digital Tbk (DOSS) sets up profit and revenue growth target to double digit in 2024. The board of directors claims that this is a realistic and achievable target considering the performance rate as of now.

Met at Press Conference of DOSS IPO earlier this week (7/8), Eddy Yulianto, Director of Finance of DOSS, revealed the company’s performance until June 2024, as well as its target for 2024.

“Our achievement until June 2024, net sales reached IDR 296.85 billion,” added Yulianto. Compared to the same period last year, DOSS’s revenue reportedly reached IDR 263.8 billion, or up 12.6% year-on-year (yoy).

The revenue increase in H1 2024 also drove profit growth, skyrocketing 26% yoy from IDR 14.23 billion in H1 2023 to IDR 17.95 billion as of June 2024.

Yulianto then said that DOSS’s sales contribution consists of 3 segments: offline, online, and B2B. “40% of total sales came from offline channel, 34% from B2B, and 26% from online,” he continued.

Supported by its satisfactory performance until the end of first half of 2024, DOSS aims for significant growth in both revenue and profit. “We project around 13-16% [yoy] of growth,” claimed Yulianto.

According to Yulianto, DOSS is expected to generate revenue of up to IDR 684.76 billion in 2024, up from IDR 609.57 billion recorded last year, as stated in IPO prospectus of DOSS.

“As of June 30, 2024, our sales reached 45.9% of total target according to our projection,” said Yulianto.

Not only that, with 2024 profit target of IDR 28.71 billion, DOSS’s net profit until the first half had also hit 51.6% of profit target. “So, our targets are achievable ones,” added Yulianto.

With expansion plan revealed last Wednesday (7/8), the future looks promising for DOSS. However, the company needs to be cautious considering one-year-old issuers of the stock exchange that have shown less than decent performance, both in terms of financial and stock performance.

As informed by IDNFinancials, several issuers, including PT Platinum Wahab Nusantara Tbk (TGUK), PT Minahasa Membangun Hebat Tbk (HBAT), PT Sari Kreasi Boga Tbk (RAFI), and PT Nusantara Sejahtera Raya Tbk (CNMA) reported significant decline of stock performance after a year listed on the board, regardless of their profit-loss record.

Although the journey is long, as of Friday (9/8), DOSS saw a major shift, skyrocketing 88.15% from IDR 135 per share offered in IPO to IDR 254 each until today’s closing bell. (ZH)