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Digital channels fueled FILM sales growth, reaching 118%

01 November 2021 14:23

JAKARTA. The movie sales in digital channels enabled consolidated sales of PT MD Pictures Tbk (FILM) to soar by up to 118% year-on-year (yoy) through January-September (9M) 2021.

According to the recently released financial report, movie sales produced by MD Pictures in digital channels generated IDR 157.02 billion in 9M 2021. It proliferated 283% yoy in this period from IDR 41.4 billion reported in the same period last year.

The movie sales for big screens, however, were reported to deplete 81.3% yoy to IDR 3.2 billion in 9M 2021. On the contrary, movie sales in television channels were recorded having 25.8% yoy growth to IDR 4.7 billion in 9M 2021.

The said movie sales had allowed FILM to score consolidated sales of IDR 183.01 billion, which led FILM to recover from losses of IDR 44.66 billion in January-September 2020. Now, FILM managed to score IDR 21.94 billion in net profit from January to September 2021.

According to idnfinancials.com data, FILM’s stock price shifted upward by 3.81% or 16 points to IDR 436 per share at 2.08 PM WIB today (1/11). FILM’s stock price during the trading session last Friday (29/10) was seen as stagnant, closed at IDR 420 per share. (KR/ZH)

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