BillEase Soars to New Heights in 2023 With US$ 57 Million Revenue, Outperforms Traditional Banks With 47% ROE [Yahoo! Finance]
PT Telekomunikasi Indonesia, Tbk (TLK)
US:NYSE Investor Relations:
prnewswire.com/news-releases/telkom-indonesia-files-its-2016-annual-report-on-form-20-f-300431666.html
Company Research
Source: Yahoo! Finance
growth in its preliminary unaudited financial report for 2023. The fintech company doubled its revenue to USD 57 million and generated a net income of USD 7 million after serving over 800,000 customers. This outstanding performance demonstrates BillEase's continued commitment to providing competitive loan products to underserved Filipinos. BillEase achieved a remarkable 2x growth in revenue and loan disbursements compared to the previous year, with a Return on Equity (ROE) of 47%, outperforming traditional banks in the Philippines , which typically have ROEs ranging from 5% to 15% . Its return on assets (ROA) stood at an impressive 14%, showcasing the company's efficient asset management and significant returns for its stakeholders. BillEase's CEO and Co-Founder Georg Steiger commented: "Our success in 2023 can be attributed to three key factors: offering a top-priority product for our customers – lending with good terms, building long-term relationships with our partners and cust
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News
- Telin and Dialog Axiata Ink Strategic Partnership to Manage International Voice and SMS TerminationPR Web
- Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE: TLK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE: TLK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE: TLK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PT Telkom Indonesia (Persero) Tbk 2023 Annual Report on Form 20-FPR Newswire
TLK
Sec Filings
- 4/18/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/4/24 - Form 6-K
- TLK's page on the SEC website