JAKARTA – PT Solusi Sinergi Digital Tbk (WIFI) reported significant performance growth in the third quarter of 2024, with revenue and profit increasing by 46.17% and 339.42%, respectively, compared to the same period in 2023.

According to the Third Quarter 2024 Financial Report published on Friday (21/3), Yune Marketatmo, President Director of WIFI, stated that the company's revenue reached IDR 504.95 billion, up from IDR 345.43 billion in 2023.

The telecommunications segment contributed IDR 254.01 billion, up 136.47% from IDR 107.42 billion, followed by advertising at IDR 243.54 billion, up 29.78% from IDR 187.66 billion, while web portal and digital platform revenue declined 82.44% to IDR 8.85 billion from IDR 50.43 billion.

The company posted a 122.83% increase in gross profit, reaching IDR 307.58 billion from IDR 138.03 billion, while operating profit skyrocketed by 139.85% to IDR 252.77 billion from IDR 105.38 billion.

Meanwhile, profit before income tax grew 99.28% to IDR 179.94 billion from IDR 60.12 billion, and net profit surged to IDR 152.07 billion from IDR 34.60 billion. (LK/ZH)