Good News From MNC Studios, Hary Tanoesoedibjo Conglomerate's Love Association Studio House Wants To Divide Dividends

Conglomerate Hary Tanoesoedibjo with his wife, Liliana Tanoesoedibjo. (Photo: Instagram @liliana_tanoesoedibjo)

JAKARTA - PT MNC Studios International Tbk (MSIN) will give blessings to its shareholders. The parent of MNC Pictures, the production house for the soap opera Ikatan Cinta, starring Amanda Manopo and Arya Saloka, will distribute dividends from the results of the 2020 financial year performance.

The decision was agreed at the Annual General Meeting of Shareholders (AGMS), Wednesday, July 28 yesterday. Citing information disclosure on the Indonesia Stock Exchange (IDX), Thursday, July 29, MSIN's management explained that each shareholder will receive proportionally according to the number of shares they own.

"Each share is entitled to receive a cash dividend of Rp. 2 per share based on the number of shares on the date of cum dividend," wrote the management of the company owned by conglomerate Hary Tanosoedibjo.

For your information, throughout 2020 MNC Pictures posted a net profit for the year attributable to owners of the parent entity of Rp167.03 billion. This figure decreased by 20.99 percent compared to 2019 of Rp. 211.41 billion.

In addition to dividends, MSIN's management also approved the granting of authority to the Board of Directors of MSIN with the approval of the Board of Commissioners of MSIN to appoint an independent public accountant who will audit the company's books for the financial year ending December 31, 2021.

Then, to give full authority and power to the directors of MSIN to determine the honorarium and other requirements in connection with the appointment and appointment of the independent public accountant.

Meanwhile, until the first quarter of 2021, MSIN posted revenue of Rp.486.1 billion, growing 0.2 percent year on year (yoy) compared to the first quarter of 2020 which was Rp.485.2 billion. Meanwhile, MNC Studios' net profit also increased 28 percent yoy to IDR 76 billion in the first quarter of 2021 from IDR 59.5 billion in the same period the previous year.

Director of MNC Studios Valencia, Tanoesoedibjo, said that his party continues to strengthen the competitive advantage of the company's core business.

"Our initiative continues to strengthen MSIN's status as a unique and important part of the media ecosystem. I am also pleased with the results of the first quarter of 2021 which reflect our ability to drive stable financial performance amid the challenging economic conditions we face today," said the child. This Harry Tanoe.