JAKARTA. PT Graha Layar Prima Tbk (BLTZ), the issuer that manages the CGV cinema network, posted a loss of IDR 58.87 billion in the 2022 fiscal year.

BLTZ's losses in 2022 decreased by 77.8% compared to the previous fiscal year, where the company posted a loss of IDR 264.6 billion in 2021.

According to the recently released financial report, the decline in BLTZ's losses was supported by significantly increased revenue performance. If in the 2021 financial year the company only posted revenue of IDR 284.9 billion, the company is capable of recording revenue of IDR 1.06 trillion in 2022.

Based on the business segment, BLTZ's revenue in 2022 will still receive the most contribution from cinemas, with revenue reaching IDR 696.73 billion.

Meanwhile, revenue from the food and beverage business contributed IDR 307.27 billion, events and advertisements IDR 54.3 billion, as well as license revenue and management services IDR 68.7 million. (KR/LM)