Swelling Blitzmegaplex 792% Loss in Third Quarter

PT Graha Layar Prima Tbk (BLTZ), cinema operators Blitzmegaplex still recorded a loss in the third quarter of 2014. General and administrative expenses higher affect the company's performance.

PT Graha Layar Prima Tbk recorded a loss for the period rose 792 percent to Rp 33.36 billion in the third quarter of 2014 from the same period last year to Rp 3.73 billion. However, net income fell 0.63 percent to Rp 227.18 billion in the third quarter of 2014.

Cost of revenues increased to Rp 103.35 billion in the third quarter of 2014 from the same period last year of Rp 85.60 billion. Gross profit fell 13.42 percent to Rp 123.83 billion in the third quarter of 2014 from the same period last year of Rp 143.04 billion.

General and administrative expenses increased to Rp 162.03 billion in the third quarter of 2014 from the same period last year of Rp 134.79 billion. Nevertheless, the company is able to decrease the number of loads among other selling expenses decreased to USD 3.62 billion, and the cost of borrowing slipped to 1.7 billion USD.

Looking at the performance, the company still recorded a loss per share attributable to owners of the parent to Rp 138 in the third quarter of 2014. Similarly, quoting from disclosure of information submitted to the Indonesia Stock Exchange (IDX) on Monday (11/03/2014).

Total liabilities decreased to Rp 141.79 billion on September 30, 2014, from the period of December 31, 2013 amounting to Rp 604.11 billion. Equity rose to Rp 513.02 billion on September 30, 2014.

Blitzmegaplex operator is listed IPO in the Indonesian capital market on April 10, 2014 offering 74.41 million shares at a price of Rp 3,000 per share with a nominal value of Rp 100. From the IPO / initial public offering (IPO), the company raise about Rp 223.23 billion. The proceeds of this offering will be used to build five new theaters.

Total shares listed on the exchange reached 337.65 million shares consisting of shares IPO of 74.41 million shares, the number of founder shares of 163.61 million shares and convertible loan of 99.63 million shares. So the market capitalization of listed shares of Rp 1.01 trillion.

Shareholders are PT Persada screen at 48.24 percent, CJ CGV Co. Ltd. and IKT Holding Limited each hold 14.75 percent, and the public is less than five percent of 22.04 percent.


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Posted By : Gudang Berita Terupdate