Indonesia's GoTo narrows quarterly underlying loss

JAKARTA (Reuters) -Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk reported a second-quarter underlying loss of 70 billion rupiah ($4.3 million), down from 139 billion rupiah in the previous three months as cost-cutting efforts take effect.

Jacky Lo, chief financial officer of the ride hailing and e-commerce company, said in a statement that the company achieved its results while it continues to reduce costs.

"As such, we believe we are on the right track to continue growing while remaining committed to our profitability goals," he said.

By Reuters

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