KONTAN.CO.ID - JAKARTA. PT Link Net Tbk (LINK) recorded a net loss throughout 2023. This is in line with the decrease in revenue and the increase in several expense items that this Axiata Group entity has to bear. LINK posted a loss for the year distributed to the parent entity owners amounting to IDR 532.98 billion. This is a reversal from a net profit of IDR 240.71 billion throughout 2022. LINK's revenue fell 10.18% annually or Year on Year (YoY) from IDR 3.92 trillion in 2023. Whereas in the previous year, LINK was still able to generate revenue of IDR 4.37 trillion.
Turbulent Year: Link Net (LINK) Reports IDR 532 Billion Net Loss in 2023
KONTAN.CO.ID - JAKARTA. PT Link Net Tbk (LINK) recorded a net loss throughout 2023. This is in line with the decrease in revenue and the increase in several expense items that this Axiata Group entity has to bear. LINK posted a loss for the year distributed to the parent entity owners amounting to IDR 532.98 billion. This is a reversal from a net profit of IDR 240.71 billion throughout 2022. LINK's revenue fell 10.18% annually or Year on Year (YoY) from IDR 3.92 trillion in 2023. Whereas in the previous year, LINK was still able to generate revenue of IDR 4.37 trillion.