CNMA - To improve performance in 2H23

CNMA - To improve performance in 2H23 Nusantara Sejahtera Raya (CNMA) is optimistic that its revenue will continue to grow in 2H23 as CNMA continues the Cinema XXI' expansion from its IPO proceeds. In 1H23, CNMA' revenue grew 22% yoy at IDR2.4 tn which 60.2% of its 1H23 revenue was contributed by cinema ticket sales. CNMA' revenue from its food and beverage segment contributed around 35.6% of its 1H23 revenue, while advertising with 1.6% revenue contribution, and digital platforms contributed only around 2.2%. CNMA will add 80 new cinemas in 2023 and 140 new cinemas in 2024. In addition, CNMA aims the number of viewers to grow up to 25% yoy on the back of its Cinema' fully-running capacity. (Source : Bisnis Indonesia)