Dyandra Media Kompak's Revenue and Profit Increase in Q3 2023

PT Dyandra Media International Tbk (DYAN) reported positive performance in the third quarter of 2023. This company, operating in the meeting, incentive, convention, and exhibition (MICE) industry, achieved net revenue of Rp880.88 billion, a 40% increase from the third quarter of 2022.

DYAN's largest revenue contributor was its event organizing segment through PT Dyandra Promosindo, reaching Rp710.89 billion, or 80.7% of total revenue.

The second largest contributor was the convention and exhibition segment, valued at Rp100.70 billion (11.4%).

This was followed by the hotel business segment at Rp36.7 billion and event support services at Rp33 billion. Both contributed less than 5% to DYAN's revenue in Q3 2023.

In line with the increase in revenue, Dyandra Media also recorded a 185.49% increase in net profit, reaching Rp60.28 billion this quarter.

Corporate Secretary of PT Dyandra Media International Tbk, Mirna Gozal, stated that DYAN's positive performance this quarter was supported by increased demand in the MICE industry.

"The convention and exhibition business also contributed positively with the holding of ministerial and international level events and conferences from the association, corporate, and government market segments," said Mirna in her official statement, as reported by *Katadata.co.id* on Monday, October 30, 2023.

Towards the end of the year, DYAN management hopes that the MICE industry market will continue to strengthen and that the revenue growth target of up to 20% will be achieved.

(See also: High Audience Numbers, Cinema XXI Achieves Rp3.81 Trillion in Revenue for Q3 2023)