Wira Global Solusi’s net profit got corrected 33.8% in H1 2024

Wira Global Solusi Tbk (WIRG), an IT solution provider for small-medium enterprises, booked net profit of IDR 1.96 billion in the first half (H1) of 2024.

Said number shrank 33.8% year-on-year (yoy) from the same period last year, in which WIRG scored net profit of IDR 2.9 billion.

Seen at the top-line, WIRG actually showed an increase in its operating revenue by 34.99% yoy to IDR 20.02 billion in H1 2024. In H1 2023, its operating revenue was stuck at IDR 14.83 billion.

Programming service line became the primary contributor of WIRG’s operating revenue in H1 2024, with contribution of IDR 9.58 billion. Software development service also brought in IDR 5.43 billion, followed by trading goods’ sales of IDR 2.88 billion, subscription services of IDR 1.46 billion, and IT consultation services of IDR 669.49 million.

Until June 30, 2024, WIRG’s total assets were reported hitting IDR 63.15 billion, with cash and cash equivalent of IDR 16.99 billion. Meanwhile, total equity was seen at IDR 57.12 billion. (KR/ZH)

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