Nov 5, 2010

MNC 9M net profit jumps 64%

PT Media Nusantara Citra Tbk (MNC) recorded a rise in consolidated net profit of 64% to Rp576 billion for the first 9 months ended September 30 2010 from Rp352 billion on the back of higher operating revenue.
In the press statement filed to Indonesia Stock Exchange (IDX) today, MNC booked a 26% increase in operating revenue from Rp2.83 trillion in 9M 2009 to Rp3.57 trillion in 9M 2010.
The largest contributor for the revenue was advertisement of Rp2.95 trillion. Revenue from advertising grew
by 29%, while revenue from content and value added
services grew by 11%.
In line with the higher revenue, MNC posted a 60% rise in EBITDA in 9M 2010 from Rp643 billion in 9M 2009 to Rp1.03 trillion in 9M 2010. EBITDA margin also improved from 23% in 9M 2009 to 29% in 9M 2010.

Disclosure: No position at the stock mentioned above.

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