JAKARTA (Yosefardi) – PT MNC Sky Vision Tbk (MSKY) targets to book EBITDA (earning before interest, tax, depreciation, amortization) of Rp1.6 trillion by end of this year, reflecting a net margin of 40%.
The company targets to book revenue of Rp4 trillion for this year. It had increased its leasing tariff by 10-15% and will add exclusive channels.
In first half of 2014, MSKY booked EBITDA of Rp585 billion, down 3% and EBITDA margin reached 37%.
However the company booked net loss of Rp14 billion in the first half of 2014 against profit of Rp31 billion in the corresponding period of 2013. The network’s revenues grew only 8.7% to Rp1.577 trillion, while gross profit collapsed 51% to Rp159 billion.
Its assets reached Rp5.857 trillion while liability amounted Rp4.12 trillion.