EmitenNews.com – Media Nusantara Citra (MNCN) as of December 31 2023 posted a net profit of IDR 1.03 trillion. Drop 49 percent from the same episode the previous year with a profit collection of IDR 2.05 trillion. As a result, RCTI’s parent company’s basic profit per share plunged to Rp. 78.08 from the previous Rp. 155.47.
Total operating income was IDR 7.78 trillion, down 14 percent from the previous IDR 9.06 trillion. That’s from digital advertising IDR 2.55 trillion, up slightly from IDR 2.53 trillion. Non-digital advertising Rp. 4.07 trillion, decreased from Rp. 5.28 trillion. The amount of advertising was IDR 6.63 trillion, down from IDR 7.82 trillion. Content and IP Rp. 1.27 trillion, decreased from Rp. 1.79 trillion.
Subscription IDR 498.01 billion, skyrocketed from IDR 422.52 billion. Others IDR 137.10 billion, up from IDR 101.58 billion. Elimination of IDR 764.70 billion, reduced from IDR 1.07 trillion. Total direct expenses were IDR 4.16 trillion, swelling from IDR 3.99 trillion. That’s from program and content expenses of IDR 3.78 trillion, swelling from IDR 3.62 trillion.
Depreciation and amortization expenses were IDR 387.57 billion, swelling from IDR 377.56 billion. Gross profit was IDR 3.61 trillion, cut by 28 percent from IDR 5.06 trillion. General and administrative expenses were IDR 2.11 trillion, down slightly from IDR 2.14 trillion. The financial burden was IDR 192.70 billion, an increase from the previous IDR 133.81 billion.
Interest income IDR 49.35 billion, up from IDR 41.78 billion. Foreign currency exchange losses of IDR 12.88 billion, decreased from IDR 26.60 billion. Other expenses Rp. 24.49 billion, increased from Rp. 17.09 billion. Profit before tax was IDR 1.32 trillion, cut by 52 percent from IDR 2.78 trillion. Income tax expense was IDR 228.63 billion, reduced from IDR 537.67 billion.
Profit for the year is IDR 1.09 trillion, reduced from the previous IDR 2.24 trillion. Total equity IDR 20.92 trillion, reduced from IDR 19.90 trillion. Total liabilities collected were IDR 1.84 trillion, decreasing from the end of 2022 amounting to IDR 2.51 trillion. Total assets were IDR 22.76 trillion, up slightly from IDR 22.42 trillion at the end of the previous year.