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Indonesia’s GoTo Group achieves record profitability in 1Q25PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced Tuesday its 2025 first quarter financial results. The Company reached record adjusted EBITDA in its Fintech and On-Demand Services units, as well as sustained year-on-year (y-o-y) core gross transaction value (GTV) growth, highlighting GoTo’s strong product mix and strategic execution across its integrated...0 Comments 0 Shares 8K Views 0 Reviews
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The road to profitability is paved with good data managementExpectations of an imminent interest rate cut by the Federal Reserve have dampened the profitability outlook for banks across Asia Pacific. As global rates moderate, regional lenders are already seeing pressure on interest income — a core driver of bank earnings. Compounding this are other structural challenges. According to Fitch Ratings, banks in Singapore are navigating thinner net...0 Comments 0 Shares 327 Views 0 Reviews
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Indonesia’s GoTo reaffirms 2025 adjusted EBITDA guidance after record breaking performancePT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reaffirmed its 2025 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of Rp1.4 trillion ($86.89 million)- Rp 1.6 trillion and remains on track to meet full-year targets. The firm said in a statement on Thursday that it has set new records for group core gross transaction...0 Comments 0 Shares 2K Views 0 Reviews
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Malaysia’s Carsome records EBITDA of $4.3M in the first quarterCarsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform starts 2025 strong, posting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4.3 million in the first quarter, and continuing the positive momentum from its profitable close to FY2024. The firm said in a statement on Thursday that in the first quarter, the group’s gross profit...0 Comments 0 Shares 5K Views 0 Reviews
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