Indonesian logistics platform Waresix narrows losses in 2021, revenue dips

Indonesian logistics platform Waresix narrows losses in 2021, revenue dips

Photo: Waresix website

Indonesian logistics platform Waresix recorded $53.39 million in revenues for the financial year ended December 31, 2021, down nearly 12% from $59.77 million in the previous year, according to a financial statement filed by its Singapore-registered entity Tiga Beruang Kalifornia Pte Ltd.

Waresix’s losses for the year ended December 2021 shrunk by over 56% to $9.65 million, down from $22.16 million in 2020, according to the company’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

Edited by: Padma Priya

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