JAKARTA (Yosefardi) – PT Star Pacific Tbk (LPLI), media arm of Lippo Group, suffered loss of Rp160.3 billion in the first nine months to September of 2015 period, against profit of Rp529 billion in the corresponding period of 2014.
The company recorded loss of Rp165.81 billion from financial assets appraised based on the fair value of profit and loss. Otherwise it recorded Rp509.3 billion profit for this assets a previous year.
Revenues declined 4.5% to Rp63.2 billion from previous Rp66.2 billion. Its assets reached Rp2.72 trillion while liability amounted Rp421 billion. The company has cash of Rp205 billion.
Lippo’s media business is run by its unit, PT Multi Media Interactif (MMI) with 7 entities (PT Galeri Investor Indonesia, PT Globe Asia Indonesia, PT Jakarta Globe Media, PT Koran Media Investor Indonesia, PT Supra Kencana, PT Investor Radio, and PT Media Investor Indonesia.
Other subsidiaries are PT Anggraini Mulia, PT Cosmopolitan Indotama, PT Lippo Media Jasa, PT Samiaji Dutaperkasa, and PT Sarikreasi Dinamika.