Indonesia’s GoTo makes first profit and remains open to Grab merger
The chief executive of Indonesian tech giant GoTo has not ruled out merging with rival Grab as he revealed the company’s first annual profit on Wednesday. GoTo, which runs the Gojek ride-hailing service and is part-owner of ecommerce platform Tokopedia,
PT Goto Gojek Tokopedia Tbk (GTOFF) reports robust growth in GTV, revenue, and adjusted EBITDA, while navigating competitive challenges and macroeconomic uncertainties.
Singapore’s Grab is proving a tough rival, keeping prices low and margins thin for both companies. Read more at ...
Undeterred, the pair pushed on, and by 2009 Tokopedia was born. Within just six years, it became Indonesia's second tech unicorn and now has a valuation of $7 billion. According to internal data ...
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
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