Jakarta, 17 April 2023 – Amidst the rampant layoff of Indonesian startups and the Tech Winter conditions where the performance of technology startups is highlighted due to their loss-making performance, the issuer in the technology sector, PT Global Sukses Solusi Tbk (RUNS) has shown positive growth.
At the Annual General Meeting of Shareholders (AGMS) of PT Global Sukses Solusi Tbk which was held on Thursday (13/4) in Yogyakarta, one of the items on the agenda was the distribution of cash dividends of IDR 300 million or 35.67% of the retained earnings in 2022 which have not yet been determined . such as Disclosure of Information submitted by the Company to the Public through the Stock Exchange and OJK, as well as the Company’s website . The company has pocketed the approval of the shareholders. While the remaining dividends will be used for reserves & retained earnings of 41.57% and tantiem of 22.75%.
RUNS’s financial performance in 2022 is getting stronger. The increase in revenue by 534% compared to the previous year succeeded in making the company reverse the situation, from experiencing a loss of IDR 10.9 billion in 2021 to successfully recording a net profit of IDR 3.44 billion in 2022, or achieving an increase of 132%.
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The increase figure was also found in GTV, which was 117%, which in 2021 only reached 11.5 trillion, while in 2022 it skyrocketed to 24.9 trillion . Apart from that, the number of user increases also shows a fantastic number of 193 times, from only 13.7 thousand users in 2021, to 2.6 million in 2022.
Not only that, out of a total of 35 listed technology companies listed on the Gross Profit Margin exchange (GPM) RUNS succeeded in being ranked 2nd. Meanwhile, regarding the Current Ratio which increased to 2129%, bringing RUNS to be in the top 3 positions. In terms of Operating Profit Margin (OPM), the company is included in the top 10 list.
Board of Directors and Commissioners of PT Global Sukses Solusi Tbk (RUNS)
In 2022, the company will carry out several corporate actions, namely acquiring PT Solusi Kampus Indonesia as the market leader in the edutech industry in Semester I-2022. And in semester II-2022, the company will carry out a Share Buyback.
Meanwhile, to maintain public trust in product and service quality, information security, and implement good corporate governance, last year the company received 3 ISO certifications at once, namely ISO 9001:2015, ISO 37001:2016 and ISO 27001:2013. This shows the seriousness and commitment of management in raising the company’s operational standards.
The company’s capabilities were also strengthened by international appreciation obtained at the end of the year from the Asian Association of Business Incubation (AABI), namely the AABI Torch Best Entrepreneur Award 2022 in Beijing. This award adds international recognition to RUNS’ performance after the previous year RUNS also won two international awards, namely from EY – Singapore and Start-up Wheel – Vietnam.
Main Director of RUNS Sony Rachmadi Purnomo said that in the midst of Tech Winter conditions and the post-pandemic period, the company will focus on 2 things, namely trying to restore public trust and also maintaining business sustainability and stability.
Apart from dividend distribution, there were 5 other agenda items presented at the AGMS, namely Ratification of the Company’s Annual Report, including the approval of the Company’s Financial Statements and the Board of Commissioners’ Supervisory Report for the financial year ending December 31, 2022: Approval to grant full release and repayment (acquit et de charge) to all Directors and Board of Commissioners of the Company for the management and supervisory actions that have been carried out during the 2022 financial year; Submission of Report on Realization of Use of Proceeds from Initial Public Offering for the period until 31 December 2022; Determination of salary and/or honorarium and/or other benefits for each member of the Company’s Board of Commissioners as well as granting authority and power to the Board of Commissioners to determine salary and/or honorarium and/or tantiem and/or other allowances for each member of the Company’s Board of Directors , for 2023; and Approval for the appointment of a Public Accounting Firm for the financial year ending December 31, 2023.
