Aug 2, 2011

Surya Citra Media 1H profit surges 81%

PT Surya Citra Media Tbk (SCMA), that is owned by Sariaatmadja family, reported Rp382.63 billion net profit in the first half of this year, a 81.82% jump from Rp210.44 billion a year earlier. 
Operating profit rose 57.93% to Rp515.67 billion in 1H 2011 from Rp326.51 billion in 1H 2010. Surya Media's net revenue increased 26.83% to Rp1.12 trillion from Rp879.29 billion. Cash from operations grew 35.27% to Rp500.77 billion from Rp370.20 billion.
PT Elang Mahkota Teknologi Tbk controls  85.26% stake in Surya Media, Fofo Sariaatmadja owns 0.09%, and public investors hold 14.65%.

Disclosure: No position at the stock mentioned above.

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