JAKARTA - PT Dyandra Media International Tbk (DYAN) recorded a net profit of IDR 37.7 billion in the first quarter of 2023, down from IDR 55.8 billion in the same period of 2022.

Daswar Marpaung, CEO of DYAN, stated that the company achieved revenues of IDR 383.4 billion, up 4% from IDR 370.39 billion in the same period of 2022. Gross profit was IDR 138.30 billion, up from IDR 116.99 billion, and operating profit was IDR 50.57 billion, down from IDR 52.39 billion.

He mentioned that revenue contributions were mainly from the event or exhibition segment, accounting for 82% of the company's net revenue. This was followed by the event support
sector at 2%, conversion and exhibition space segment at 13%, and hotel segment at 3%.

Total assets amounted to IDR 1.16 trillion, with current assets of IDR 490.43 billion and non-current assets of IDR 673.24 billion. Total liabilities were IDR 533.16 billion, consisting of short- term liabilities of IDR 368.98 billion and long-term liabilities of IDR 164.17 billion. (W)