Media Nusantara Citra Record Increase Net Profit 6.85% in 2017

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, April 04 2018 - 16:00 IWST

Gedung PT Media Nusantara Citra Tbk (MNCN). (Foto: IST)
Gedung PT Media Nusantara Citra Tbk (MNCN). (Foto: IST) - Jakarta - PT Media Nusantara Citra Tbk (MNCN) booked a net profit of Rp1.56 trillion in 2017, an increase of 6.85% compared to the actual profit in 2016 of Rp1.46 trillion. However, its revenue fell to Rp7.05 trillion from Rp8.7 trillion.

MNCN's profit growth in 2017 is due to the company's successful management of its operational cost efficiency program. It can be seen from the decrease in cost of goods sold in 2017 to stay Rp2, 6 trillion compared to the previous year amounting to Rp2, 8 trillion.

Therefore, according to MNCN's financial report published in Jakarta on Tuesday (03/04/2018), MNCN's gross profit increased to Rp4.3 trillion in 2017 compared to Rp3.8 trillion in 2016.

The company's profit before tax was recorded at Rp2.41 trillion in 2017 compared to the previous year of Rp2.1 trillion. Income tax expense increased to Rp848.1 billion from Rp809.9 billion.

As a result, MNCN's net profit grew 11.43% to Rp1.56 trillion in 2017 compared to Rp1.4 trillion in 2016. MNCN's total assets at the end of December 2017 stood at Rp15.05 trillion compared to the end of December 2016 of Rp14.2 trillion.

The total liabilities during this period were recorded at Rp5.2 trillion compared to the end of December 2016 of Rp4.7 trillion.

MNCN is a publicly listed BEI issuer that trades in general trading, development, industry, agriculture, transportation, printing, multimedia through satellite and other telecommunication equipment, services and investments.

MNCN's core business activities include content and ownership and operation of four national Free-To-Air TVs (RCTI, MNCTV, GlobalTV and SindoTV). About 60.75% of the company's shares are controlled by PT Global Mediacom Tbk (BMTR). (Abraham Sihombing)

News Comment

Today's Industry

Ilustration Brand phishing (Photo by Technonlogy For You)

Rabu, 21 Oktober 2020 - 15:30 WIB

Microsoft is Now Most Imitated Brand by Hackers

Microsoft soars from 5th place in Q2 to 1st place in Q3 for brand phishing attacks, making up 19% of all global phishing attacks in July, August and September.

Friedhelm Best - Vice President Asia Pacific, HIMA (Photo by HIMA)

Rabu, 21 Oktober 2020 - 14:20 WIB

Pharma 4.0: How Technology Is Transforming an Industry

Digital advancements in areas like systems integration, track-and-trace technology, and deep learning are helping the industry optimize its supply chain, improve safety, and even develop new…

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Rabu, 21 Oktober 2020 - 13:50 WIB

Key Pillars To Optimal Endpoint Security In Today’s Climate

What does it take for businesses to be confident in the resilience of their endpoint protection? Check Point shares 4 key pillars for optimal endpoint security solutions for CISOs and IT professionals…

L/R: Alwin Zecha, Founder - Pacific Leisure Group, Thailand; Hiran Cooray Chairman - Jetwing Symphony PLC, Sri Lanka; and Akbar Shareef, Chairman & Chief Executive - Rakaposhi Tours (Pvt) Ltd., Pakistan (Photo by Global Travel Media)

Jumat, 16 Oktober 2020 - 17:15 WIB

PATA Honours Industry Leaders, Pioneers and Professionals at 69th Annual General Meeting

The following awards were presented during the 69th Annual General Meeting held online PATA Gallery of Legends Award, PATA Life Membership, and PATA Chair’s Award.

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Jumat, 16 Oktober 2020 - 17:00 WIB

3 Key Principles Businesses Must Keep In Mind When Securing the Remote Workforce

It is critical that organisations take steps to secure the remote workforce to prevent falling victim to the next cyber attack.