Boosting The Acceleration Of Digital Services And Connectivity Projects, Surge Record Positive Performance Throughout 2021

JAKARTA - PT Solusi Sinergi Digital Tbk (WIFI) has carried out the entire agenda of the Annual General Meeting of Shareholders (AGM) which was held in the Multipurpose Room of the Surge Head Office, Fatmawati, South Jakarta, Wednesday 6 July.

In this Annual GMS there are 5 meeting agendas including the approval of the Board of Directors' Annual Report, the Board of Commissioners' Supervisory Task Report and the Ratification of the Company's Financial Statements for the financial year ending on 31 December 2021, Approval for the use of the Company's Net Profit for the 2021 financial year, Determination of Remuneration The Company's Directors and Commissioners, Determination of KAP for the 2022 Financial Year, and Amendment to Article 3 of the Company's Articles of Association.

Meanwhile, in 2021, Surge recorded revenues of Rp. 390.9 billion or an increase of 723 percent when compared to 2020 which reached Rp. 47.5 billion. In Surge's 2021 audited financial statements, Surge also managed to record a net profit for the year of Rp. 24.8 billion, or an increase of almost 25 times compared to the same period (YoY) of Rp. 924 million.

Meanwhile, the Company's total assets increased by 75 percent to reach Rp. 896 billion in 2021. Surge's success in achieving this performance was driven by the company's success in focusing on accelerating digital business that focuses on the needs of the community.

The CEO of Surge, Hermansjah Haryono, explained that Surge is optimistic that it will be able to score its best performance in the coming years. This is supported by the commencement of the operation of a 2,800 kilometer fiber optic network on the Java Island railway in collaboration with PT Kereta Api Indonesia (Persero) which is expected to contribute significantly to the company's revenue amid the rapidly increasing digital access needs of the community.

"The company has started operating the first segment of the fiber optic network since the first quarter of 2022. We believe the company will continue to grow and provide high added value to the community through the company's 3 business pillars, namely connectivity, meeting people's daily needs, as well as integrated advertising and entertainment media. . With its end-to-end solutions, the company believes it can provide optimal added value for the Indonesian people," said Hermansjah Haryono.

So far, the company has implemented a number of concepts based on entrepreneurial solutions to optimize the acceleration of internet usage adoption while supporting digital transformation in Indonesia. Digital ecosystem collaboration is important for the company in achieving optimal growth.

Surge has also initiated a new breakthrough in the advertising and broadband industry by holding an advertising media auction program and also the first online bandwidth auction in early 2022.

"With the strategic position of advertising media and fiber optic network owned by Surge, it is hoped that it will not only increase the company's revenue potential, but also encourage advertisers and internet service providers in various regions to get the best service in an easy, transparent and affordable way," said Martha. Rebecca, Director of Business Development at PT Solusi Sinergi Digital Tbk.

As of July 1, 2022 PT Solusi Sinergi Digital Tbk (IDX:WIFI) has officially entered the Technology sector (IDXTechno) as well as officially entered into the JII70 constituent.