PT Multipolar Tbk Reports Earnings Results for the First Quarter Ended March 31, 2023

PT Multipolar Tbk is an Indonesia-based holding company. The Company operates through its subsidiaries in the field of telecommunications, information technology (IT), general trading, including import, export, inter-insular, local and retail, property/real estate development and management services and leasing spaces in buildings. The Company’s segments include Retail and Distribution, Information Technology and Others. The Company’s subsidiaries include PT Multipolar Technology Tbk, which is engaged in consultation, integration and management of information technology systems and investment in subsidiaries engaged in the information technology sector; PT Walsin Lippo Industries, which is engaged in steel wire manufacturing, PT Visionet Data International, which provides total IT managed services, and PT Multi Prima Sejahtera Tbk (MPS), which is engaged in manufacturing spark plugs and automotive spare parts with the trademark Champion.