BHIT Recorded Revenues of Rp4,698.7 Billion for the First Quarter of 2023

Jakarta, 3 May 2023 – PT MNC Asia Holding Tbk (IDX: BHIT) announced its financial results for the period ended 31 March 2023, with consolidated net revenues recorded at Rp4,698.7 billion. The revenue mainly came from non-digital advertising, which comprised 26.3% of the total consolidated revenue, followed by mining at 15.6%; digital advertising 15.2%; pay TV and broadband 13.6%; content and IP 7.3. %; bank 7.3%; non-digital financing, securities, and insurance 6.5%; subscription 2.6%; digital financing, securities, and insurance 1.4%; and others 4.2%.

For the first quarter of this year, the Company's EBITDA was recorded at Rp1,727.7 billion, representing an EBITDA margin of 36.8%. Meanwhile, BHIT’s net profit increased by 6.0% yoy from Rp789.7 billion in Q1-2022 to Rp837.0 billion in Q1-2023, equivalent to 17.8% of total revenue.