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MSIN scored IDR 301.1 billion in net profit in 2021, up 78% yoy

14 April 2022 06:15

JAKARTA. PT MNC Digital Entertainment Tbk (MSIN), a member company of MNC Group previously titled MNC Studios International, managed to collect a net profit of IDR 301.1 billion in 2021.

MSIN’s net profit in 2021 soared 78% year-on-year (yoy) or compared to the same period in 2020, which only peaked at IDR 168.876 billion. The increased net profit is supported by the revenue performance, which clocked up to IDR 1.81 trillion, also soaring 31% yoy.

Additionally, MSIN also widened its net profit margin in 2021 to 16.6%. In comparison, its net profit margin in 2020 only reached 12%.

As previously mentioned by idnfinancials.com, PT Media Nusantara Citra Tbk (MNCN) or MNC Media has completed the restructuring process of MSIN and its other subsidiaries. It includes the consolidation of PT MNC Vision Networks Tbk (IPTV), several television channels, and online portals under MSIN.

“The consolidation and position of MSIN as the leading subsidiary of MNCN, engaging in the content and top digital entertainment business, place the company as the biggest content and digital entertainment group in Indonesia,” Hary Tanoesoedibjo, President Director of MSIN. (KR/ZH)

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