JAKARTA. The transformation of news and data presentation will be the new focus of Tempo for the future, thus driving Tempo to continue developing various video and podcast contents to present news in more attractive and accessible fashion.

During the Annual General Meeting of Shareholders (AGMS) of PT Tempo Inti Media Tbk (TMPO), Arif Zulkifli, President Director of Tempo, mentioned that the transformation in data presentation has been manifested, for example, in Bocor Alus Politik podcast that has been successfully enticed millions of viewers in Youtube.

The AGMS of Tempo that took place last Tuesday (21/5) agreed upon the absence of dividend distribution, despite TMPO’s success in turning the tide and generating profit of IDR 1.5 billion

The profit, instead, will be allocated for reserves, of IDR 100 million, following OJK regulation, and the remaining IDR 1.4 billion will be stored as retained earnings.

Throughout 2023, Tempo booked positive performance, securing revenue of IDR 216.8 billion, up 2.7% year-on-year (yoy) or IDR 5.7 billion from IDR 211.1 billion in 2022.

The key to success in 2023 performance, according to Zulkifli, is the improvement of performance and cost efficiency, whilst maintaining productivity and product quality, as well as enhancing supporting business services. “Good national economic growth also affected the company’s business activities,” he added during the AGMS in Jakarta today (21/5).

For more details, Tempo’s revenue growth is supported by growth in circulatory revenue and Tempo Magazine ads of IDR 8.4 billion, Tempo.co of IDR 5.7 billion, event organising of IDR 11 billion, creative production house of IDR 1.8 billion, TV Tempo of IDR 200 million, and Rombak Media of IDR 8.9 billion.

Meanwhile, revenue decline was seen in printed goods’ sales of IDR 22 billion, circulatory and Tempo Paper ads of IDR 1.4 billion, and paper sales of IDR 6.7 billion. Thankfully, cost of sales shrank to IDR 2 billion, although operating cost swelled IDR 3.2 billion, and general and administrative expenses increased to IDR 5.5 billion. (AM/ZH)