Parent media company PT Visi Media Asia Tbk (VIVA), that is controlled by Bakrie Group, today reported a Rp193.69 billion net profit in the first quarter of this year, a reversal from net loss of Rp3.51 billion a year ago.
In the financial statement filed to Indonesia Stock Exchange (IDX) today, ViVA also posted a 170.42% jump in operating profit to Rp37.21 billion from Rp13.76 billion.
Operating revenue increased 22.44% to Rp244.81 billion from Rp199.95 billion. VIVA is parent company of TVOne, ANTV, and Vivanews.com.The company is 77.74% controlled by PT CMA Indonesia and 4.46% owned by PT Trinugraha Thohir, while PT Bakrie Capital Indonesia owns 0.33% and public shareholders with 10.78%.
Disclosure: No position at the stock mentioned above.
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