Indonesia ·
GoTo posts its first-ever net income, shares jump most in four months
Indonesia’s largest listed tech group turned profitable after years of cost cuts, a milestone that strengthens the case for the secondary and continuation-vehicle activity building underneath it.
A first-ever profitable quarter for Indonesia's largest listed tech group matters beyond the headline: profitability is often what unlocks the next stage of secondary and continuation-vehicle interest, since buyers can underwrite a business on its own cash flows rather than a growth story alone.
Northstar Group's early position in GoTo is the clearest reference point on this site for how patient, Indonesia-focused capital can benefit once a long-unprofitable tech leader finally turns the corner.
Source: Bloomberg ↗
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