CNMA – Performance supported by higher viewer

CNMA – Performance supported by higher viewer Nusantara Sejahtera Raya (CNMA) experiences an increase in cinema attendance in Indonesia, signaling positive growth prospects. In the 1H23, CNMA reach 36.9 mn (+22.3% yoy) in viewership. The company, which recently went public, aims to open 80 new screens by the end of 2023. With a solid performance, CNMA records IDR2.4 tn (+22% yoy) in revenue for 1H23, attributing success to various income streams. The IPO funds of IDR2.25 tn will largely fuel the expansion of their cinema network, targeting a 10% annual increase in screens for the next five years. CNMA's second-half performance is influenced by a bustling domestic film scene and the release of Hollywood films. (Source : Bisnis Indonesia)