Thursday, March 29, 2007

Tempo still in red

Despite significant increase of revenue, PT Tempo Inti Media Tbk, holding company for Koran Tempo and Tempo magazine, recorded net loss of Rp6.7bn in 2006 (lower than Rp7.95bn in 2005).

According to the company's financial report published today, Tempo reported revenue of Rp165bn in 2006 or 13.8% growth from Rp145bn in 2005. The company's improvement could be seen in its operating profit of Rp15.56m against operating losses of Rp4.5bn in 2005. Tempo's total asset as of Dec 2006 was Rp117bn, slightly reduced from Rp124bn in 2005. Keep on writing great stories & investigative stuffs, my friends!

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