JAKARTA (Yosefardi) – PT MNC Sky Vision Tbk (MSKY), operator of pay TV Indovision of Hary Tanoesoedibjo, targets to book revenue of Rp3.6 trillion this year, a 10% growth compared to Rp3.28 trillion revenue in 2014.
In the first quarter of 2015, MSKY suffered loss of Rp130 billion, compared to Rp135.76 billion loss in the same period of 2014. while revenues rose 7% to Rp827 billion from Rp775 billion in the first quarter of 2014.
Ebitda grew by 8% to Rp328 billion in the first quarter with Ebitda margin of 40%.
MSKY allocates Rp1 trillion for funding its Indovision business development this year, funded by its internal cash. The company plans to open 20 branches this year. Currently, MSKY has 7 branches.