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PT Jasnita Telekomindo Tbk. Successfully Booked Net Profit IDR 4.6 Billion in the First Quarter of 2023
In the first quarter of 2023, PT Jasnita Telekomindo Tbk managed to record its financial statements with very good performance. In the report, the Company recorded a net profit of Rp. 4.6 billion, which is a strong indicator of its good financial performance. This increase in profit cannot be separated from the performance of the Company's subsidiary, namely PH1 Innovax Call Center Pte Ltd. This subsidiary has succeeded in strengthening its position in the telecommunications industry and continues to grow rapidly, generating significant profits for its parent company.
The Company's Revenue Growth Rate also showed a significant increase of 113% in Q1 2023 compared to the previous year's 29.7%. This shows that the Company is able to increase revenue from sales of several JAST products, namely Call Center, Omnichannel, Whatsapp Business API and JasCloud, and others.
To evaluate the Company's financial performance, it can be seen from profitability ratios such as Net Profit Margin (NPM), Return on Assets (ROA) and Return on Equity (ROE), Revenue Growth Rate. The Company's Net Profit Margin has increased from -21.3% in 2022, to 13.9% in Q1 2023. This shows that the Company has succeeded in improving efficiency in managing operational costs so that the generated net profit increases. This increase in net profit could not be separated from the contribution of the Company's subsidiary, namely PH1 Innovax Call Center Pte Ltd., and the increase in products or services offered, as well as market expansion to new areas from PH1 Innovax Call Center Pte Ltd in Singapore.
On the other hand, the Company's ROA and ROE still showed positive figures, namely ROE of 6.1% compared to the previous year of -7.3% and ROA of 3.6% compared to the previous year of -3.4%. This increase shows that the Company is able to manage assets and capital effectively to generate greater profits. In improving its performance, the Company also carries out various strategies such as improving service quality, developing more innovative products such as Smart City, and better risk management.
Currently the Company is focusing on developing innovative products to provide better public services in both government and private environments. In its efforts to achieve this goal, the Company seeks to utilize information and communication technology and the internet of things (IoT) to create sophisticated and effective Smart City products. In developing this smart city product, the company combines technological sophistication with experience in providing the best solutions for the community, private sector and government. These Smart City products are expected to assist the government and the private sector in increasing the effectiveness and efficiency of services and accelerating the process of making more informed decisions.
Through smart city products such as Smart Lighting, CCTV Surveillance, Command Center and AI Intelligence, the company hopes to help the government and the private sector in improving the quality of life for the community and creating a safer, more comfortable and integrated environment. The Company is committed to carrying out this project wholeheartedly and targets this project to run successfully this year.
Overall, PT Jasnita Telekomindo Tbk managed to show positive financial performance, but it doesn't stop there, the Company will continue to improve the effectiveness of the use of its assets and capital to achieve higher profits in the future.
PT Jasnita Telekomindo Tbk.