Allo Bank investment boosts BUKA net profit in first half of 2022


Indonesian e-commerce giant Bukalapak (BUKA) has recorded a net profit less than one year after being listed on the Indonesia Stock Exchange, thanks mainly to its mark-to-market investment in the recently launched Allo Bank. The unicorn bankrolled Allo to the amount of Rp 1.19 trillion (US$80 million) at the start of the year and now it is second only to CT Corp in terms of the digital bank share ownership with 11.49 percent.


August 04 2022, The Jakarta Post

 
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