Bukalapak posts $130m profit in 2022, thanks to a strong first quarter

Bukalapak posts $130m profit in 2022, thanks to a strong first quarter

Source: Bukalapak

Indonesian e-commerce player Bukalapak swung to a net profit in 2022 helped by a strong first quarter, despite posting losses in all the subsequent quarters of the year.  

Net profit in 2022 was also aided by finance gains, as well as the growth of its warung tech business Mitra Bukalapak, the IDX-listed company said in a statement on Tuesday.

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