JAKARTA. PT Net Visi Media Tbk (NETV), a holding companya managing television broadcast and creative content production, booked net profit of IDR 49.99 billion in the first half (H1) of 2024. 

In the same period last year, NETV saw IDR 146.41 billion of loss. At the end of 2023, its loss clocked up to IDR 630.42 billion.

Meanwhile, seen from the top line, NETV recorded revenue of IDR 118.73 billion in H1 2024, which was actually 4.3% yoy lower compared to IDR 124.09 billion seen in H1 2023.

Most of NETV's revenue came from advertising business line, which generated IDR 91.38 billion, while other income reportedly reached IDR 27.35 billion.

Until June 30, 2024, NETV's total assets were recorded at IDR 1.09 trillion, while total equity was at minus IDR 679.2 billion. (KR/ZH)