The Performance Of Media Companies Owned By Conglomerate Eddy Kusnadi Sariaatmadja Skyrockets In 2022, Revenue Of IDR 15.524 Trillion And Profit Of IDR 5.46 Trillion

Conglomerate Eddy Kusnadi Sariaatmadja. (Photo: Doc. Forbes)

JAKARTA - The company owned by conglomerate Eddy Kusnadi Sariaatmadja, PT Elang Mahkota Teknologi Tbk (EMTK) or Emtek recorded revenue of IDR 15.524 trillion in 2022. This achievement shot up almost 21 percent from IDR 12.840 trillion in 2021.

In the company's financial report, quoted on Monday, April 3, EMTK's cost of revenue was IDR 12.13 trillion, an increase from the previous year's IDR 9.13 trillion. Gross profit finally shrank from IDR 3.70 trillion to IDR 3.39 trillion.

Business profit was cut further to IDR 716.81 billion, whereas previously it reached IDR 1.35 trillion in 2021.

However, the company posted a net financial income of IDR 125.81 billion, a profit of IDR 5 trillion net investment, a dividend income of IDR 28.52 billion, a financial cost of IDR 85.14 billion, a profit share of an association entity of IDR 413.99 billion, a loss of assets of IDR 18.39 billion, a profit on the acquisition of a subsidiary of IDR 26.02 billion.

So that profit before income tax was recorded at IDR 6.21 trillion and there was a net income tax expense of IDR 754.38 billion. The profit for the current year was IDR 5.46 trillion, shrinking from 2021 IDR 6.01 trillion.

The company's total assets as of December 31, 2022 reached IDR 44.46 trillion, an increase from IDR 38.16 trillion. Liabilities of IDR 4.57 trillion and equity of IDR 39.89 trillion. Equity also increased from IDR 33.66 trillion as of December 31, 2021.