JAKARTA (Yosefardi) – PT Graha Layar Prima Tbk (BLTZ), owner of movie theater chain Blitz Megaplex, allocates Rp240 billion for funding its expansion this year. It plans to build 50 movie screens this year.
Currently BLTZ operates 93 movie screens located in 12 areas. In the long term, BLTZ also intends to expand to out of Java such as Medan and Manado.
BLTZ booked revenue of Rp69 billion in the first quarter of 2015, grew by 21% from Rp57 billion in the same period of 2014. It suffered loss of Rp12.17 billion.
Its assests reached Rp653.7 billion while liability amounted Rp149 billion. The company has cash of Rp202.7 billion.