MD Pictures Earns Net Profit Of IDR 153.96 Billion In The Third Quarter Of 2022, Because Of KKN di Desa Penari Movie?

JAKARTA - PT MD Pictures Tbk (FILM) recorded sales of IDR 382.36 billion as of the third quarter of 2022. The net profit attributable to the owners of the parent entity of this film issuer reached IDR 153.96 billion.

Based on MD Pictures' financial report, as quoted on Monday, October 31, FILM recorded net sales of IDR 382.36 billion, an increase of 108 percent from the same period or year-on-year (yoy). As of September 2021, FILM posted sales of IDR 183 billion.

FILM sales consist of film sales, building rentals, and shooting equipment rentals. In detail, film sales rose 112 percent to IDR 351.36 billion, building rents increased 38.42 percent to IDR 18.68 billion, and rental equipment for shooting increased 175 percent to IDR 12.6 billion.

Furthermore, FILM recorded cost of goods sold from IDR 89.86 billion to IDR 103.96 billion in the third quarter of 2022. This made FILM's gross profit increase by 381 percent to IDR 196.21 billion from IDR 40.73 billion.

After deducting various expenses that were successfully streamlined, FILM recorded a net profit attributable to owners of the parent company which skyrocketed by 601 percent from IDR 21.94 billion to IDR 153.96 billion in the third quarter of 2022.

Meanwhile, the total assets of FILM increased by 25 percent from IDR 1.3 trillion at the end of 2021 to IDR 1.64 trillion in the third quarter of 2022. On the other hand, total liabilities increased by 125 percent from IDR 51.49 billion on 31 December 2021 to IDR 116.21 billion on 30 September 2022.

Then for cash and cash equivalents at the end of the period there was an increase of 462 percent from 77.17 billion to IDR 434.21 billion.