Jakarta-based fintech firm KoinWorks reported a 43% drop in net loss for the financial year ended Dec 31, 2021, as its income nearly tripled, according to regulatory filings by its Singapore-registered parent company.
The company’s net loss dropped to $3.65 million in 2021 from $6.4 million a year earlier, while its income jumped to $8.71 million from $3.24 million during the same period, show Lunaria Annua Holding Pte Ltd’s filings with the Accounting and Corporate Regulatory Authority (ACRA).
