Bukalapak's contribution margin turns positive for the first time in Q3

Bukalapak's contribution margin turns positive for the first time in Q3

Mitra Bukalapak. Photo: Liputan6

Indonesia’s listed technology group Bukalapak on Monday reported a positive contribution margin — calculated as gross profit after sales and marketing costs — for the first time, and said it is looking to turn EBITDA positive by the fourth quarter of 2023.