Jan 27, 2011

MNC FY10 net income sky rockets 94%

PT Media Nusantara Citra Tbk (MNC) recorded a 94% jump in net income to Rp748 billion last year from Rp386 billion in the previous year as revenue rose.
In an official press statement submitted to Indonesia Stock Exchange (IDX) last night, MNC posted a 27% growth in consolidated revenue to Rp4.99 trillion last year from Rp3.92 trillion in 2009.
Solid advertising growth has led to the 32% growth in MNC’s advertising revenue as compared to last year’s results.
Revenue from content & value added services grew by 20%. EBITDA in 2010 surged 86% from Rp774 billion in 2009 to IDR1.44 trillion in 2010, resultimh a higher EBITDA
margin to 29% from 20%.
TV ads still dominates MNC’s consolidated revenue by contributing 69% of which RCTI contributed 63% of total revenue from TV ads followed by MNCTV of 22% and Global TV of 15%.
From consolidated EBITDA point of view, TV ads also remains as the main contributor at 83% of which RCTI contributes 76% of EBITDA from total TV ads, 14% from MNC TV and 10% from Global TV.
“We have been enabled to lift up our position as the leading media company in Indonesia and subsequently we also recorded a remarkable performance for the full year 2010. We firmly believe that we will be able to continue of
maintaining an outstanding performance in 2011,” said Hary Tanoesoedibjo, CEO of MNC Group, in the statement.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: