PT Visi Media Asia Tbk (VIVA), a parent of TVOne, Vivanews, and ANTV that is controlled by Bakrie family, reported a 617.49% jump in net profit last year.
Visi Media posted a Rp26.26 billion net profit or Rp1,866 a share last year from Rp3.66 billion or Rp0.32 a share in the previous year.
Operating profit rose 131.44% to Rp152.36 billion from Rp65.82 billion, while revenue increased 11.64% to Rp992.63 billion from Rp889.10 billion.
Cash from operations was Rp80.33 billion, while Viva Media paid interest and finance charges of Rp119.09 billion. Return on equity was 1.65% last year.
Disclosure: No position at the stock mentioned above.
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