Anindya Bakrie Reduces Vision Of Media Asia's Losses From Nearly IDR 1 Trillion To Only IDR 106 Billion

President Director of PT Visi Media Asia Tbk Anindya Novyan Bakrie. (Photo: Doc. Antara)

JAKARTA - The profit earned by PT Intermedia Capital Tbk (MDIA) has a good impact on the financial statements of PT Visi Media Asia Tbk (VIVA). Visi Media Asia is the holder of 89.99 percent of MDIA's shares.

The loss of the company owned by the conglomerate Aburizal Bakrie, which almost touched the figure of IDR 1 trillion, is gradually decreasing.

Citing the company's financial report, as of September 30, 2021, Visi Media Asia's loss was only IDR 106.4 billion.

In detail, Visi Media Asia posted operating revenues of IDR 1.32 trillion, up 2.32 percent from the position of September 30, 2020, of IDR 1.29 trillion. Meanwhile, its operating expenses decreased by 3.73 percent from IDR 1.34 trillion to IDR 1.29 trillion.

Of the two financial posts, the company led by President Director, Anindya Novyan Bakrie, managed to record an operating profit of IDR 32.03 billion from an operating loss of IDR 49.41 billion.

In addition, the company also managed to reduce the company's interest and financial expenses from IDR 486.73 billion to only IDR 1.16 billion.

Unfortunately, Visi Media Asia's financial improvement did not immediately move VIVA's shares. The reason is, VIVA's shares are still stagnant at the lowest level of IDR 50 per share.