Indonesia's GoTo racks up $955m loss in first half

Super app's revenue increases 32% even as profitability remains elusive

20220829 GoTo

Indonesian super app provider GoTo has recorded another net loss. (Source photos by courtesy of GoTo) 

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Indonesian super app provider GoTo said on Tuesday it recorded a net loss of 14.17 trillion rupiah ($955 million) for the first six months of this year, more than doubling from the same period last year even as revenue jumped 32%.

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