Launches Integrated WMS Application, Kioson Aims For A 25 Percent Increase In Revenue By The End Of The Year

Illustration. (Photo: Unsplash)

JAKARTA - PT Kioson Komersial Indonesia Tbk (KIOS), a technology company engaged in the e-commerce, telecommunications, finance, and merchandising sectors, has officially released the WMS (warehouse management system) application.

This application has been integrated into all marketplaces, such as Tokopedia, Shopee, Blibli and Lazada, as well as various third party logistics, including J&T, JNE, Sicepat, AnterAja and many more.

Kioson CEO Andrew believes that the presence of the WMS application will make it easier for business actors to buy and sell online.

"The WMS KIOS application will make it easier for SMEs to transact online. Moreover, we are adding the sameday delivery feature with cheap postage because the KIOS warehouse is already spread in many places," he said in a written statement, Wednesday, August 24.

As is known, KIOS has also just launched a sameday delivery service that reaches 25 cities throughout Indonesia after collaborating with 350 small and medium business (SME) brands into its ecosystem. Some of the brands that have joined include Gamal Men, Dew It Skin, Edifier, Moft, ARBIT, Rise & Shine by Raisa, Herbami by DJ Katy, Vinyx, Toffin, Forge Active Wear, Nuwa Skin and others.

Through this WMS application, added Andrew, Kioson estimates that there will be an increase in revenue by the end of 2022.

"We predict an increase in revenue of up to 20 percent with net profit targeted to reach 25 percent by the end of the year," he concluded.

The realization target is certainly not without reason. Previously, Kioson was proven to maintain a positive performance after having slumped during the pandemic.

Based on the company's 2021 consolidated financial statements, the company recorded a net profit of IDR 2.5 billion. In contrast to 2020, which suffered a loss of Rp. 41.9 billion.

Meanwhile, gross profit also increased 124 percent to Rp15.3 billion compared to the same period in the previous year (year-on-year).