JAKARTA -- Indonesian superapp and e-commerce platform GoTo said on Tuesday it recorded a net loss of 7.2 trillion rupiah ($470 million) for the first six months of the year, narrowing significantly from the same period last year as the company slashes incentives, marketing costs and payroll.
GoTo said in a financial statement that the January-June figure compared with red ink of 14.17 trillion rupiah the year before. Revenue for the first half, meanwhile, doubled to 6.8 trillion rupiah.
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