Mahaka Radio Integra Tbk (MARI) once again reported loss of IDR 9.39 billion in the first half (H1) of 2024.
Said loss could be considered an improvement compared to the same period last year, in which MARI’s loss reached IDR 21.32 billion.
According to the recently released financial report, MARI’s decreased loss in H1 2024 was supported by its revenue that managed to reach IDR 44.75 billion. The revenue increased 14% year-on-year (yoy) from the same semester last year.
In addition, MARI also carried out efficiency strategies on general and administrative expenses by up to 21% yoy to IDR 60.5 billion in H1 2024. Then, finance costs were also cut down by 26% yoy to IDR 899 million.
Not only that, MARI also booked losses from foreign exchange of IDR 461 million in H1 2024, better than last year. In the same period last year, the company reported losses from foreign exchange of IDR 846 million.
Until June 30, 2024, MARI’s total assets were recorded at IDR 435.9 billion, with cash and cash equivalent of IDR 24.9 billion and total equity of IDR 12.6 billion. (KR/ZH)