10 May 2021, 23:35 WIB

PT Media Nusantara Citra Tbk (“MNCN”) Earnings Release

PT Media Nusantara Citra Tbk (“MNCN” or “The Company”) has recorded consolidated unaudited revenue of Rp7,956 billion in FY-2020, a decrease of only 5% YoY from previously at Rp8,353 billion in 2019. Advertising revenue was down by 7% YoY in FY-2020 to Rp7,488 billion compared to Rp8,065 billion in FY-2019. The decrease in advertising revenue was driven by the decline in non-digital revenue of 12% YoY from Rp7,368 billion in FY-2019 to Rp6,515 billion in FY-2020. However, digital revenue posted strong growth of 40% YoY to Rp973 billion from Rp697 billion in FY-2019.

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