Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

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Adi Ahdiat 28/06/2022 10:00 WIB

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Over the past year, the price trend of Mahaka Media shares has been weakening.

Mahaka Media Stock Price Movement (June 1, 2021 - June 27, 2022)

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Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

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Mahaka Media Stock Price Movement (June 1, 2021 - June 27, 2022)

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Shareholders of PT Mahaka Media Tbk (ABBA) officially overhauled the company's board of directors and commissioners in the Annual General Meeting of Shareholders (RUPST) held on Monday, June 27, 2022.

"The company appointed Farash Farich as President Director, who has experience in the capital market and finance sectors," according to the RUPST results received by *Katadata.co.id*.

Mahaka Media also appointed Vincentius Dicky Haryanto as Director, and Aliya Tjakraamidjaja as Chief Operating Officer.

Furthermore, Mahendra Agakhan Thohir was appointed as President Commissioner, Rudi Laksmana and Martin Suharlie as Commissioners, and Angkie Yudistia and Aldo Rambie as Independent Commissioners.

This media company owned by the Thohir family also underwent rebranding, changing its name to Mahaka X.

Based on its official financial report, Mahaka Media recorded revenue of Rp168.7 billion in 2021. This achievement increased by 6.4% from the 2020 revenue of Rp158.6 billion.

However, in the last year, the trend of Mahaka Media's share price movement has weakened, as seen in the graph.

Based on Yahoo Finance data, ABBA shares were recorded at Rp190 at the close of trading on Monday, June 27, 2022.

Compared to its position a year earlier, this figure has weakened by approximately 25.26% (year-on-year/YoY).

Compared to its position at the beginning of 2022, Mahaka Media's share price has corrected by approximately 73.68% (year-to-date/YTD).

(See Also: Erick Thohir Becomes Head of Jokowi's Campaign Team, Mahaka Shares Soar 290%)

Editor : Adi Ahdiat

"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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Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

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Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

Mahaka Media Restructures Board of Directors; Here's a Look at its Stock Trend Over the Past Year

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