Nov 30, 2010

Indosiar 9M net income surges 389%

Television operator PT Indosiar Karya Media Tbk booked Rp27 billion net income the third quarter of 2010 or a 389% growth of Rp9 billion in the same quarter of last year. Then, until the end of 2010, the media company still targets for Rp30 billion-Rp40 billion incomes.
Director of Indosiar Harry Pramono confirmed that the increase was contributed by 2% revenue soar to Rp607 billion from Rp596 billion.
“The income gain is donated by the drop of operating expenses for its program and broadcasting. As our strategy in composition management of running program has created an efficiency in program and broadcasting,” he said today.
The increase, as he continued, also gave positive impact for the company’s gross income by 32% to Rp326 billion in September 2010 from Rp247 billion in September 2009.
Furthermore, the company’s general and administrative expenses in the period of third quarter 2010 also climbed 5% to Rp173 billion from Rp165 billion in the same period of 2009. While, EBITDA (earning before interest, tax, depreciation, and amortization) rose 28% to Rp190 billion from Rp148 billion last year.
Per period of the third quarter 2010, the total asset slumped 16% to Rp484 billion from Rp574 billion in the same period of last year and so did the company’s total liabilities and equities.

Disclosure: No position at the stock mentioned above.  

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