Cashlez’s Net Income in 2020 Soars 407.73%, but …

Cashlez’s net income in 2020 increased by 407.73% when compared to the previous year.

Jakarta, TechnoBusiness ID (English Edition) • PT Cashlez Worldwide Indonesia Tbk. (IDX: CASH), the leading payment solution company in Indonesia, throughout 2020 managed to record good performance.

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In the company’s financial statements submitted on Tuesday (4/5), Cashlez’s net income last year was recorded at Rp84.32 billion, up 407.73% from Rp16.61 billion in 2019.

The increase in Cashlez’s net income was driven by the increase in gross transaction value last year compared to the previous year’s 56.16% to Rp5.95 trillion.

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Even so, Cashlez’s net income was only able to cut the company’s net loss from Rp10.85 billion in 2019 to Rp7.13 billion in 2020. [the_ad id=”13590″]

Suwandi, President Director of PT Cashlez Worldwide Indonesia Tbk., said he was optimistic that the company’s performance this year would be better than previous years.

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“The company will carry out strategic efforts to achieve the target in 2021,” he said. One such effort is to add up to 5,000 new merchants. [the_ad id=”13590″]

If this is achieved, these merchants will complement the 9,176 existing merchants, including KalCare, Brawijaya Hospital, BFI Finance, Shafira, Zoya, and Fish & Cheap.•

—Vino Darmawan, TechnoBusiness ID • Photo: Cashlez

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