JAKARTA (Yosefardi) – PT Dian Swastatika Sentosa Tbk (DSSA) of Sinar Mas Group, said its pay TV or cable TV and internet business contributed revenues of US$5.66 million in first half (H1) of 2016, jumped 154% from US$2.22 million in the corresponding period of 2015.
DSSA booked total revenues of US$284.63 million in H1/16, grew 20% from US$235.7 million in the same period of 2015. Coal mining and trading contributed US$183 million revenue, a 10% increase compared to US$166 million revenues in H1/15.
Trading contributed US$57.5 million (H1/15: US$40.5 million), steam and electricity contributed US$33.2 million (H1/15: US$23.6 million), and forestry contributed US$3.4 million (H1/15: US$2.2 million).
DSSA however recorded operating loss of US$419,399 for the period, against profit US$1.87 million in H1/15. It booked forex gain of US$8.6 million (H1/15: loss US$8.3 million). DSSA’s interest expense and other financial charges was US$17.76 million (H1/15: US$6.68 million).
The Company also recorded tax expense of US$5.85 million, widened from US$1.05 million in H1/15 period. DSSA then suffered loss of US$8.35 million, againsts loss US$12.48 million a previous year.
DSSA added its cash provided by operating reached US$33 million and cash used in investing amounted US$60.3 million. The Company’s cash provided by financing activities fell to US$21.2 million from earlier US$63.49 million, while its cash and cash equivalent totaled US$147.77 million (H1/15: US$121.09 million)