VNTY Technology Issuer’s Profits Have Skyrocketed 243%, This Is The Cause

Jakarta, CNBC Indonesia – Issuer in the technology sector, PT VENTENY Fortuna International Tbk (VTNY) noted that revenue in the first quarter of 2023 was IDR 32.6 billion. This figure increased by 243% from the first quarter of 2022 of IDR 13.4 billion.

In addition, profit before tax was recorded at Rp 4.7 billion. This achievement shows a growth of 178% from the first quarter of the previous year (year on year/yoy).

After passing the audit results, the revenue earned in 2022 is IDR 73 billion, an increase of 83% from the same period in the previous year.

Group CEO and Founder of VENTENY Jun Waide said that the financial strengthening from the first quarter of 2023 has continued the positive trend that was obtained throughout 2022. This positive performance provides great optimism to continue to provide support for the development and strengthening of Micro, Small and Medium Enterprises (MSMEs).

“Our focus remains one, namely continuing to be committed to supporting MSMEs and the welfare of employees in Indonesia through this super-app that we have developed,” he said in a written statement, Wednesday (7/7).

Jun added, the brilliant performance in the first quarter was also seen from the results of the collaboration that was established with VENTENY partners, both from the Business to Business (B2B) model through the distribution of funds in the first quarter of this year amounting to IDR 340 billion. This figure increased by 30% from IDR 262 billion in the same period the previous year.

In addition, in Business to Business to Employee (B2B2E), there was an increase in the number of active users and transactions resulting in an increase in GMV of 3,000% from IDR 0.7 billion in quarter 1 2022 to IDR 21 billion in quarter 1 2023.

On this occasion, VENTENY Group Chief Operation Officer Damar Raditya added, VENTENY’s positive performance will continue in 2023 with several strategic steps that will be woven between VENTENY and many business partners, associations, government agencies and VENTENY stakeholders as a whole.

In addition, the focus is on developing the VENTENY Employee Super-app for employee welfare, such as LMS (Learning Management System), funding programs, employee health and insurance features and other products.

“VENTENY’s current rapid development was born from the support of many parties. This has made us even more committed to continuing to have a big impact for the progress of MSMEs and employees throughout Indonesia in the ecosystem we have created,” he concluded.

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