JAKARTA (Yosefardi) – PT MNC Sky Vision Tbk (MSKY) will use internal cash of US$42.21 million for repaying foreign exchange loan scheduled to mature in second half of this year.
As of March of this year, the company has cash and cash equivalent of Rp513.26 billion. MSKY suffered foreign exchange loss of Rp635.97 billion last year, widened from foreign exchange loss of Rp145.72 billion in 2012.
The rupiah trend would impact on MSKY’s profit and earning as some 90% of total loan is on foreign currency denomination.
MSKY allocates capital expenditure (capex) of US$60-70 million for this year, lower than US$100 million last year.