JAKARTA - PT MNC Vision Networks Tbk (IPTV) recorded a net profit of Rp 312.34 billion in 2019, much better than its record in 2018 when the company recorded a net loss of Rp 53.96 billion.
In 2019, the company's total revenue in 2019 was recorded at Rp 3.52 trillion, 9.3% higher than its record in 2018 of Rp 3.22 trillion. In addition, the company's cost of goods sold rose by 6.92% to Rp 2.78 trillion, resulting in a 20.28% increase in gross profit to Rp 744.86 billion.
However, on the other hand, the company recorded foreign exchange gains of Rp 83 billion and other profits of Rp 32 billion. In 2018, the company recorded losses on both posts.
In 2019, the company's equity rose 87.65% to Rp 5.67 trillion, liabilities went down 25.53% to Rp 4.55 trillion, and assets rose 11.93% to Rp 9.13 trillion. (ARM/AR/AC)