Emtek Owned By Conglomerate Eddy Kusnadi Sariaatmadja Earns Revenue Of IDR 9.59 Trillion And Profit Of IDR 549.96 Billion

Conglomerate Eddy Kusnadi Sariaatmadja. (Photo: Doc. Wikimedia Commons)

JAKARTA - PT Elang Mahkota Teknologi Tbk or Emtek (EMTK) scored performance growth in the first nine months of this year. The company's revenue belonging to the conglomerate Eddy Kusnadi Sariaatmadja was recorded at Rp. 9.59 trillion as of the third quarter of 2021, an increase of 13.62 percent compared to the same period the previous year of Rp. 8.44 trillion.

In Emtek's financial report published on the information disclosure page of the Indonesia Stock Exchange (IDX), quoted on Wednesday, November 3, EMTK's revenue growth was supported by a significant increase in health and hospital services, which increased by 515.2 percent. Whereas in the third quarter of 2020, revenue from this segment was only IDR 189.53 billion, then it shot to IDR 1.16 trillion as of September 2021.

Meanwhile, EMTK's net advertising revenue also rose 16.31 percent to Rp3.85 trillion. Meanwhile, VSAT services, repair, maintenance, and technical support for EMTK increased 2.95 percent to Rp119.53 billion.

Emtek also scored a significant increase in other income, which was 101.43 percent to Rp592.93 billion. EMTK's revenue only decreased from the sales of goods segment.

In the third quarter of 2021, EMTK recorded sales of goods worth Rp. 3.86 trillion, down 14.6 percent compared to the same period last year.

With a cost of revenue of Rp. 6.66 trillion, EMTK was able to print a gross profit of Rp. 2.93 trillion, up 33.18 percent compared to the September 2020 period. With this result, Emtek grew profit for the period by 210.9 percent to Rp. 549.96 billion. .

However, from the bottom line, EMTK's net profit fell 54.44 percent to Rp217.11 billion. Meanwhile, for non-controlling interests, EMTK recorded a profit of Rp. 332.84 billion, in contrast to the September 2020 period where EMTK recorded a loss for the period attributable to non-controlling interests of Rp. 299.69 billion.

The Emtek Group is increasingly flapping its business wings, especially in terms of developing digital ecosystems and creative content. Most recently, the EMTK Group collaborated with RANS Entertainment through a business unit in its subsidiary, PT Surya Citra Media Tbk (SCMA).

Surya Citra Media President Director Sutanto Hartono revealed, through its subsidiary, namely Indonesia Entertainment Group (IEG), SCMA has invested in the company founded by famous artists Raffi Ahmad and Nagita Slavina. However, Sutanto has not disclosed the investment value and the share portion currently held by SCMA.

Sutanto hopes that together with SCMA, RANS, which has high popularity and continues to develop business lines, can be more agile in growing its business which will certainly be able to contribute to Emtek.

The Emtek Group has a diversified business and investment portfolio. Recently, EMTK has also become one of the investors of the football club PSIM Yogyakarta.

In mid-October 2021, EMTK also collaborated with Grab Indonesia and Bukalapak to launch the #KotaMasaDepan program to build a digital ecosystem targeting MSMEs in second and third tier cities. At the initial stage, this program targets 10,000 MSMEs to be involved.