Singapore’s SEA achieves total net income of $87.3M in 1Q as revenue rises

Singapore-based tech conglomerate SEA Limited has achieved a total net income was of $87.3 million in the first quarter, as compared to total net loss of $580.1 million a year ago. SEA said that the group’s first quarter total revenue was $3 billion, up 4.9 percent year-on-year. The group’s total gross profit also rose 21.1 percent year on year to $1.4 billion in the first quarter.

More News

Next Article

FranConnect launches in Australia & APAC

May 25, 2023

FranConnect, the global franchise and multi-location management software company that recently acquired World Manager, has launched in Australia as a first step in its ANZ and APAC expansion. The company’s platform empowers franchisors and other business owners to streamline operations, enhance collaboration, and drive growth while providing franchisees and store managers with tools to efficiently manage their businesses.

CDPI Emerging Markets
Previous Article

Gojek Inks Partnership with Dat Bike in Vietnam, Piloting the Use of Electric Motorbikes in Ride-hailing Services

May 25, 2023

Gojek, Southeast Asia’s leading mobile on-demand multi-service platform, and Dat Bike, one of the fastest growing electric vehicle start-ups in the Southeast Asia, announced that they will partner to pilot the use of electronic motorbikes to serve the transportation, logistics and food delivery needs of Gojek users in Vietnam. This makes Gojek the first technology company in Vietnam to pilot Dat Bike electric vehicles, as well as the first platform to pilot mobility services via electric motorbike to users in Vietnam.

CDPI Emerging Markets