Records IDR4.3 Trillion in Revenue until Q3 2024, Cinema XXI Distributes IDR416.7 Billion in Interim Dividends
- Cinema XXI's revenue grew 12.1% year-on-year (yoy) to IDR4.3 trillion until Q3 2024, resulting in a net profit after tax of IDR529.8 billion.
- Cinema XXI's revenue increase was supported by 11.8% yoy growth in total admissions, reaching 66.1 million as of September 30, 2024.
- Cinema XXI will distribute an interim dividend of IDR416.7 billion, equivalent to IDR5 per share, on November 15, 2024.
Jakarta, October 22, 2024 – PT Nusantara Sejahtera Raya Tbk (Cinema XXI, stock code: CNMA) has shown sustainable growth and strengthened business fundamentals up to the third quarter of 2024. During this period, Cinema XXI generated total revenue of IDR4.3 trillion, or an increase of 12.1% compared to the same period last year. The net profit after tax had reached IDR529.8 billion, reflecting a 36.6% year-on-year (yoy) increase, and EBITDA increased by 17.9% yoy to IDR 1.3 trillion.
Cinema XXI's President Director, Suryo Suherman, attributed the company's positive performance to its effective business strategies and agility in responding to market trends. Additionally, the company continues to expand in various regions in Indonesia.
The company consistently ensures that the quality of cinema services remains excellent, including the location, facilities, food and beverage products, and other innovations, along with the increasingly solid performance. Cinema XXI's revenue until the third quarter of 2024 has been supported by the increasing contribution of total admissions, aligned with the company's commitment to continuously increase the number of cinema screens and, the growing public interest in watching movies in cinemas across various regions in Indonesia.
As of September 30, 2024, total admissions had reached 66.1 million, increased by 11.8% compared to the previous year. This increase boosted revenue from cinema ticket sales to IDR2.67 trillion, contributing to 63% of the total revenue. Additionally, revenue from the food and beverage business line was IDR1.44 trillion, contributing to 34% of the total revenue.
With this strong performance, Cinema XXI plans to distributes interim dividends to all shareholders. The dividend, totaling IDR416.7 billion or IDR5 per share, is scheduled for distribution on November 15, 2024. "Our decision to distribute interim dividends reflects our commitment to delivering value to all shareholders," Suryo stated.
To enhance its performance and broaden cinema accessibility for all Indonesians, Cinema XXI is expanding its nationwide presence. By September 2024, Cinema XXI has added 42 new screens across various regions, bringing the best cinematic experiences to previously underserved communities. As of September 30, 2024, Cinema XXI operated 249 cinemas with a total of 1,322 screens in 61 cities throughout Indonesia.
In the midst of the growing entertainment and film industry in Indonesia, Cinema XXI remains committed to providing the best movie-watching experience. "We continuously innovate to stay at the forefront of the industry's evolution, ensuring that audiences can enjoy high-quality movie screenings at affordable prices without compromising on quality," concluded Suryo.
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About Cinema XXI
Cinema XXI, operates under the auspices of PT Nusantara Sejahtera Raya Tbk, is the largest cinema chain operator in Indonesia with more than 35 years of experience in the film exhibition industry. Cinema XXI is committed to always providing the best moviegoing experience and convenience for the people of Indonesia. As of September 30, 2024, Cinema XXI has presented 1,322 screens in 249 cinema locations across 61 cities/regencies throughout Indonesia.
In 2006, Cinema XXI launched m.tix to facilitate SMS-based cinema ticket ordering which was then developed into an online-based application. In 2012, Cinema XXI presented a movie-viewing experience with revolutionary technology, namely the IMAX theater. To better improve the services given to customers, Cinema XXI has also equipped the theaters with the latest "Dolby Atmos" audio system, which is now available on 75 screens.
Not only a place to watch movies, Cinema XXI is also a second home for people to spend quality time with family and friends. Cinema XXI presents an unforgettable moviegoing experience for today and tomorrow. For three consecutive years in 2017, 2018, and 2019 Cinema XXI has been awarded the "World Branding Award" in Kensington, London as the Best Brand in the Entertainment Cinema Category (National Tier). In early 2019, Cinema XXI was also been awarded the "Millennials Top Brand Awards" by one of the preferred media of Indonesia’s young generation as the first choice of millennials for the category of leading cinema network in Indonesia. Despite the pandemic condition, in 2020, Cinema XXI was named "Industry Champion of the Year" by the Asia Corporate Excellence and Sustainability (ACES) Awards and “Indonesia Best Managed Company” by Deloitte in 2023 and 2024.