Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

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Nabilah Muhamad 25/10/2024 14:20 WIB

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PT Nusantara Sejahtera Raya Tbk (Cinema XXI) reported revenue of Rp4.27 trillion in the third quarter of 2024, a year-on-year (YoY) increase of 12.1%.

Cinema XXI Revenue and Profit* Q3 (2023-2024)

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Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

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Cinema XXI Revenue and Profit* Q3 (2023-2024)

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PT Nusantara Sejahtera Raya Tbk, the parent company managing the Cinema XXI cinema network, reported positive financial performance in the third quarter of 2024.

The company, with the stock code CNMA, achieved revenue of Rp4.27 trillion, a 12.1% increase year-on-year (YoY) compared to the third quarter of 2023.

This growth was primarily driven by a 16.92% YoY increase in cinema ticket sales to Rp2.67 trillion, contributing 63% to their total revenue.

Cinema XXI's food and beverage sales also increased by 5.91% YoY to Rp1.44 trillion, contributing 34% to total revenue.

Meanwhile, advertising revenue decreased by 14.53% YoY to Rp54.97 billion; digital platform revenue increased by 0.27% YoY to Rp81.73 billion; and revenue from events and other sectors grew by 24.49% YoY to Rp23.32 billion.

In line with the increase in revenue, net profit attributable to the parent entity also surged by 36.6% YoY to Rp529.77 billion in the third quarter of 2024.

"With increasingly solid performance, the company consistently ensures that the quality of cinema services remains excellent, from location and facilities to food and beverage products and other innovations," said Cinema XXI President Director Suryo Suherman in a written statement on Tuesday (October 22, 2024).

Based on this positive performance, Cinema XXI will distribute an interim dividend of Rp416.7 billion, or Rp5 per share. This interim dividend will be distributed on November 15, 2024, to all company shareholders.

"The distribution of this interim dividend is a concrete manifestation of the company's commitment to providing added value for all shareholders," said Suryo.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

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Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

Cinema XXI Revenue Reaches Rp4.27 Trillion in Q3 2024

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