Better cost structure, higher revenues help Blibli trim losses in H1 2023

Better cost structure, higher revenues help Blibli trim losses in H1 2023

Blibli warehouse (Photo courtesy of Blibli)

PT Global Digital Niaga Tbk—the Indonesia-listed entity that owns e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market—trimmed its losses by almost 30% in the first half of 2023 on higher revenues and an improved cost structure, the company said in a statement late on Friday.