Indonesia
Disciplined expansion kept losses steady while driving meaningful top-line growth, analysts said.
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The bank recorded a net profit of 19.88 billion rupiah in 2024, compared with a loss of 573.18 billion rupiah in 2023.
Greater China
Chinese stocks registered their first annual gain last year following an unprecedented three-year decline.
For 2024, profit rose 34% to a record 40.3 billion yuan.
One of Saratoga’s key investments in 2024 was the acquisition of Brawijaya Healthcare.
The company expects revenue and contribution margins to grow in double-digits in Q1.
Its adjusted EBITDA losses, however, narrowed by 28%.
The regulator fined Didi $1.2 billion in July 2022 over a data security violation.
The success was driven by the GoPay app and the expansion of consumer loan offerings.
China’s e-commerce leaders such as JD.com and Alibaba have slashed prices to lure shoppers.
