Shares of Indonesia’s GoTo surge 5% as it says profit targets will be met ahead of time
Publishing timestamp: 2023-02-17 10:53:09
Summary
Shares of Indonesian tech giant GoTo Group surged on Friday after the company said it will hit its profitability targets earlier than expected. Last week, the company announced a new leadership structure and expects its contribution margin to become positive by March. UBS analysts said the break-even is expected to come two years earlier than forecast.
Sentiment: POSITIVE
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